Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from the Wall Street on Friday, as traders remain concerned about a global recession as major central banks signaled their intent to move ahead with aggressive rate hikes to tame surging inflation. Asian markets closed mostly lower on Friday.
The Australian stock market is sharply higher on Monday, recouping some of the losses in the previous three sessions, with the benchmark S&P/ASX 200 moving above the 6,600 level, following the broadly positive cues from Wall Street on Friday, with strength across most sectors, particularly financials, technology, materials and energy stocks.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.