Asian stock markets are trading mixed on Thursday, following the broadly positive cues from global markets overnight, as traders indulged booking some profits after the recent gains amid continued easing of concerns about contagion from the recent turmoil in the banking sector. Markets were spurned by a rebound by technology stocks, which mirrored their peers on the tech-heavy Nasdaq. Asian Markets closed mixed on Wednesday.
Top U.S. regulators expressed confidence that banks were solvent, blaming the recent collapse of Silicon Valley Bank on mismanagement, rather than systemic risks.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.