Asian stock markets are trading mostly sharply higher on Friday, following the broadly positive cues overnight from Wall Street, as traders picked up stocks at a bargain after the recent sell-off amid the continued escalation of the Russia-Ukraine crisis. Technology stocks bounced back with strong gains to mirror their peers on tech-heavy Nasdaq. Asian markets ended mostly sharply lower on Thursday.
Russia finally invaded Ukraine, firing missiles at several Ukrainian cities and landing troops on Ukraine's south coast. Several countries, including the U.S. and U.K., Australian and Japan have already imposed severe sanctions on Russia following the invasion, potentially targeting the country's all-important energy sector.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.