Asian stock markets are mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as traders react to the improved outlook for interest rates after the US Fed paused its interest rate hikes following ten consecutive rate hikes. They also await the Bank of Japan's rate decision later in the day. Asian markets ended mixed on Thursday.
The Australian stock market is notably higher on Friday, extending the gains in the previous four sessions, with the benchmark S&P/ASX 200 moving above the 7,200 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors, led by miners and technology stocks. Energy stocks were also strong amid the spike in crude oil prices.
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Market Analysis
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.