Asian markets gained on Wednesday amidst global bullish sentiment that followed renewed assurances from the U.S. government on support amidst the banking crisis. Markets in the meanwhile are expecting the Fed to settle for a 25-basis point rate hike later in the day.
China's Shanghai Composite Index rose 0.3 percent to 3,265.75. The day's trading ranged between 3,255.74 and 3,279.39. The Shenzhen Component Index gained 69.68 points or 0.6 percent to close at 11,497.10.
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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.