Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, amid worries about growth and interest rates, and increasing concerns over a standoff in Republican-manufactured U.S. debt ceiling confrontation. Asian markets closed mostly lower on Tuesday.
U.S. President Joe Biden and House Speaker Kevin McCarthy said they held productive talks but there was no agreement on how to raise the government's $31.4 trillion debt ceiling.
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.