Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, as weak crude oil and bullion prices weigh on energy and materials stocks. Traders also pause to assess the impact of the proposed aggressive interest rate hikes by global central banks in their bid to reign in surging inflation. Asian markets ended mixed on Thursday.
The World Bank said the world could be edging towards a global recession as central banks are aggressively increasing interest rates to combat surging inflation. The US Fed is widely expected to deliver a third 75 basis-point rate hike when it meets next week.
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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.