Asian markets are mostly in the red on Friday, following the broadly negative cues from Wall Street overnight, as traders look to book some profits to take advantage of the recent strength in the markets. Traders also reacted to data showing a slightly bigger than expected increase in U.S. consumer prices that raised concerns about interest rates. Asian markets ended mostly higher on Thursday.
Snapping a six-session winning streak, the Australian stock market is modestly lower on Friday, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,100 level, dragged by losses in technology and financial stocks.
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Business News
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.