Despite the broadly positive cues from Wall Street overnight, Asian stock markets are trading mostly lower, as traders remain cautious and await inflation data from across the region for directional cues. Inflation data from Singapore, Australia and Japan's Tokyo region are due later this week. The strength of the US dollar against major currencies in the region also weighed mostly lower on the markets. Asian markets closed mixed on Monday.
After ending with slight gains in the previous two sessions, the Australian stock market is notably lower on Tuesday, with the benchmark S&P/ASX 200 staying below the 7,100 level, despite the broadly positive cues from Wall Street overnight, with weakness across most sectors led by mining and technology stocks. Traders also cautiously await domestic inflation data due on Wednesday.
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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.