Asian stocks rallied on Monday, the dollar edged lower and U.S. Treasury yields fell amid signs that U.S. inflation may have peaked. China's easing of COVID-19 curbs also boosted sentiment ahead of a meeting of European Union countries to agree on Russian oil import sanctions.
China's Shanghai Composite index rose 0.6 percent to 3,149.06 as fewer COVID cases in Beijing and Shanghai led to easing of some restrictions. Risk appetite was also supported by stimulus measures announced by Shanghai authorities to support the economy. Hong Kong's Hang Seng index jumped 2.06 percent to close at 21,123.93.
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Business News
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.