Asian stock markets are trading mostly higher on Wednesday, despite the broadly negative cues from Wall Street overnight, as traders book some profits and seemed reluctant to make significant moves amid ongoing concerns about the outlook for interest rates. They await upcoming data that is expected to provide further clues about interest rates hikes. Asian markets closed mostly higher on Tuesday.
The Australian stock market is modestly higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 7,300 level, despite the broadly negative cues from Wall Street overnight, as gains in mining and energy stocks were partially offset by weakness in financial and technology stocks.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.