Asian stock markets are trading mostly lower on Friday, following the broadly negative cues overnight from global markets, dragged by materials and energy stocks amid tumbling commodity prices. Traders also remain concerned about the global economic outlook and the possibility of a recession as central bank chiefs have reaffirmed their resolve to pare inflation despite threats to economic growth. Asian markets ended mixed on Thursday.
The Australian stock market is slightly higher on Friday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 below the 6,600 level, despite the broadly negative cues overnight from global markets, supported by financial and technology stocks, partially offset by weakness in materials and energy stocks amid tumbling commodity prices.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.