Asian stocks ended mixed on Tuesday as signs that China's manufacturing slowdown is moderating helped offset fears surrounding high inflation and interest rate hikes.
China's Shanghai Composite Index rallied 1.2 percent to finish at 3,186.43 after the latest figures showed another month of contraction in services and manufacturing activity though at a reduced pace of decline amid easing COVID-19 curbs and signs of support from authorities.
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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.