Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as some traders looked to cash in and book profits after the recent strength in the markets. The weakness in major currencies in the region against the US dollar also hurt market sentiment. Asian markets closed mostly higher on Friday.
The Australian stock market is modestly higher on Monday, extending the gains in the previous five sessions, with the benchmark S&P/ASX 200 staying just below the 7,300 level, despite the broadly negative cues from Wall Street on Friday, aided by gains in gold miners and financial stocks.
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Market Analysis
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.