Asian stock markets is trading mixed on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautious and restrained from making any significant moves after upbeat US data raised fears the US Fed will hold interest rates higher for longer to control inflation. Traders also picked up stocks at a bargain after the recent slump in the markets. Asian markets closed mostly lower on Friday.
Meanwhile, the People's Bank of China lowered its one-year loans prime rate by 10 basis points to a record low of 3.45 percent, but kept the five-year loan prime rate unchanged at 4.2 percent.
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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.