Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, on continued concerns over the fallout from the Silicon Valley Bank collapse, which triggered heavy selling, particularly in the banking sector. Traders now await key US inflation data due later in day with hopes the Fed will pause its tightening cycle due to the debacle in the banking sector. Asian markets closed mixed on Monday.
The U.S. Treasury, Federal Reserve, and Federal Deposit Insurance Corp. said they would "fully protect" depositors with funds in SVB, including those with assets above the federally guaranteed $250,000 limit, but traders were not reassured.
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Business News
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.