Euphoria surrounding lower-than-expected inflation readings in the U.S. helped most of the Asian benchmarks to finish Wednesday's trading on a positive note. However, caution ahead of key central bank decisions on interest rates and China's covid caseloads kept the gains in check.
China's Shanghai Composite Index edged up 0.20 points or less than a tenth of a percent to 3,176.53. The day's trading ranged between 3,189.83 and 3,168.59. Sentiment was impacted by the surge in Covid cases in the country.
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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.