Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from global markets overnight, as traders continued to pick up stocks at reduced levels following heavy selling last week. They are also concerned about the outlook for interest rates as recent economic data has led to worries the Federal Reserve will raise rates more than currently anticipated and hold rates at an elevated level for an extended period. Asian markets closed mostly lower on Monday.
The Australian stock market notably higher on Tuesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly positive cues from global markets overnight, with gains across most sectors, led by gains in mining and energy stocks amid firmer commodity prices.
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Market Analysis
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.