Asian stock markets are mostly lower on Wednesday, following the mostly negative cues from global markets overnight, as major currencies in the region were hit by a stronger US dollar. Technology stocks are bearing the brunt after Barclays cut the iPhone maker Apple's rating to underweight and trimmed its price target. Asian markets closed mixed on Tuesday.
Traders now look ahead to a busy week of economic data, including key US jobs data and the latest US Fed monetary policy meeting minutes, for important clues to the economic and interest rate outlook.
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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.