Defying the sell-off in the global markets, Asian stock markets are trading mostly higher on Friday, as traders react to easing geopolitical tensions in the Middle East after Israel heeded to US' request to delay its Gaza invasion. The upside has been limited due to the stronger than expected US GDP data that raised concerns the US Fed will leave interest rates higher for longer than expected. Asian markets ended mostly lower on Thursday.
Snapping a two-session losing streak, the Australian stock market is modestly higher on Friday, despite the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is staying above the 6,800 level, aided by gains 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.