Asian markets mostly moved lower on Wednesday as renewed worries about the Fed's actions drained the euphoria that followed upbeat economic data from China. Sentiment remained muted ahead of the release of the Fed's Beige Book, which would provide glimpses into the economic landscape in the U.S.
China's Shanghai Composite Index dropped 0.7 percent to 3,370.13. The day's trading ranged between 3,364.64 and 3,394.96. The Shenzhen Component Index also declined 0.8 percent to close at 11,760.27.
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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.