Asian stock markets are trading mostly lower on Wednesday, despite the broadly positive cues overnight from global markets, as traders remain cautious ahead of the US Fed Chair Jerome Powell's key testimony before the Congress later in the day. However, traders continue to pick up stocks at reduced levels following recent weakness in the markets. Asian Markets closed mostly higher on Tuesday.
The Australian stock market is modestly lower on Wednesday, giving up the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 6,500 level, despite the mostly positive cues overnight from global markets, dragged by technology, gold miners and financial stocks. Traders also continue to pick up stocks at a bargain after the sell-off last week.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.