Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders continued to remain largely cautious, awaiting US Fed Chair Jerome Powell's speech at the Jackson Hole Symposium due later this week for more clues about the economy and interest-rate outlook. The symposium will feature meetings by global central bank leaders. Asian markets closed mostly higher on Tuesday.
The was also a sell-off by banking stocks after S&P Global Ratings downgraded several Us regional banks by one notch, citing "tough operating conditions."
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.