Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, with technology and energy stocks boosting the markets. Traders also continued to pick up stocks at relatively reduced levels following recent weakness. However, concerns remain about persistent inflation, economic growth outlook and the ongoing war in Ukraine. Asian markets ended mostly lower on Thursday.
The Australian stock market is significantly higher on Friday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving just below the 7,200 level, following the broadly positive cues from Wall Street overnight, with strength in materials and energy stocks amid higher commodity prices. Technology stocks also gained.
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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.