Asian markets traded lower on Friday as interest rate hikes and a hawkish posture by central banks worldwide spooked investors and triggered fears of a recession. Benchmarks in Japan, China, Australia, New Zealand and South Korea plunged into the red, while Hong Kong's Hang Seng Index bucked the downtrend.
China's Shanghai Composite Index closed marginally lower at 3167.86. The day's trading ranged between 3,151.61 and 3,175.35. The Shenzhen Component Index lost 63.08 points or 0.6 percent to close at 11,295.03.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.