Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, amid easing concerns about turmoil in the financial sector following recent coordinated steps taken by governments and the central banks to rescue distressed banks in the U.S. and Europe. Asian markets closed mostly higher on Tuesday.
Positive sentiment was also generated in reaction to remarks by US Treasury Secretary Janet Yellen, who said the government is prepared to once again take action to protect bank depositors if smaller lenders are threatened.
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Market Analysis
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.