Asian stocks ended Thursday's session mostly lower as Japanese export growth slowed in October and Chinese new home prices fell for the fourth straight month, rekindling worries about slowing global growth.
Meanwhile, a much-anticipated meeting between Presidents Joe Biden and Xi Jinping ended with both countries agreeing to resume military-to-military communications and cooperate on anti-drug policies.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.