Asian stock markets are a sea of red on Thursday, reflecting the broadly sell-off on Wall Street overnight, amid disappointing earnings reports, a surge in Treasury yields, concerns about interest rates and the outlook for economic growth. Worries about the conflict in the Middle East amidst reports of an imminent ground invasion of Gaza by Israel also weighed on the markets. Asian Markets closed mostly higher on Wednesday.
Traders also looked ahead to key US economic data in the coming days, including a preliminary reading on third quarter GDP on Thursday and personal income on Friday.
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Business News
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.