Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, as traders continued to move money out of relatively risky assets like stocks ahead of the release of key US inflation data later in the day that could have a significant impact on the outlook for interest rates. Asian markets closed mostly lower on Tuesday.
Fed Chair Jerome Powell had said following last week's rate hike that the central bank would take a "data-dependent approach" to future monetary policy decisions.
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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.