Asian stocks closed mostly higher on their last trading session of the year despite lingering inflation concerns and soaring Covid-19 cases in China.The dollar index weakened a little bit after the latest U.S. jobless claims data signaled a softening labor market. Gold and oil prices traded higher in Asian trading on the dollar weakness.China's Shanghai Composite Index rose 0.5 percent to 3,089.26...
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Business News
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.