Asian stocks moved mostly lower during trading on Wednesday as investors reacted to mixed data out of the United States and China.While better-than-expected data from the U.S. services sector rekindled expectations for continued rate increases by the Federal Reserve, dismal trade data from China offset recent investor optimism over an easing of some Covid-19 controls in the country.Regional losses...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.