Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as traders remained concerned about a global recession after data showed a sharp acceleration in UK inflation. A jump in US treasury yields to its highest closing level in over fourteen years also strengthened the US dollar against Asian currencies. Asian Markets closed mixed on Wednesday.
The Australian stock market is significantly lower on Thursday, giving up the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving down to nearly the 6,700 level, following the broadly negative cues from global markets overnight, with technology stocks and miners leading the decline, partially offset by gains in energy stocks amid higher oil prices.
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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.