Mirroring the mixed cues from Wall Street overnight, Asian stock markets are also trading mixed on Thursday, as traders reacted to the US dollar's continued strength against major Asian currencies and the jump in crude oil prices to one year highs. Rising concerns about interest rates and the outlook for global economic growth also weigh on the markets. Asian Markets closed mixed on Wednesday.
The Australian market is back in the red after treading briefly in the green on Thursday, extending the losses in the previous three sessions and following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 staying above the 7,000 mark, with gains in iron ore miner stocks and energy stocks more than offset by losses in gold miner stocks.
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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.