Asian stock markets are mostly lower on Friday, following the mixed cues from global markets overnight, with weakness in materials and energy stocks amid tumbling commodity prices. Traders also cautious amid worries about economic slowdown and renewed concerns about the turmoil in the US banking sector. Asian markets ended mostly lower on Thursday.
"Banking stress won't be going away anytime soon as we await to see which banks put too much in long-dated Treasuries," says Edward Moya, Senior Market Analyst at OANDA.
For comments and feedback contact: editorial@rttnews.com
Business News
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.