Asian stock markets are trading mostly lower on Wednesday, following the mostly negative cues from Wall Street overnight, as traders remain cautious in the last week of 2022 amid lingering concerns about the economic outlook and the prospects of interest rate hikes continuing in to the next year. Asian Markets closed mostly higher on Tuesday.
However, China's decision to end travel restrictions and quarantine for inbound travelers from January 8, symbolizing an end to its zero-Covid policy, lifted investor sentiment.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.