Asian stock markets are trading mostly in the red on Wednesday, following the broadly negative cues from global markets overnight, as traders remain concerned about the outlook for U.S. interest rates amid a sharp increase by U.S. treasury yields. Recent economic data has also led to worries the US Fed may raise rates higher than expected and keep them elevated for an extended period. Asian markets closed mostly higher on Tuesday.
Traders also await the Fed's release of the minutes of its latest monetary policy meeting, which could shed some light on the outlook for interest rates.
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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.