Ahead of Friday's holiday for Tomb Sweeping Day, the China stock market had ended the two-day winning streak in which it had risen almost 15 points or 0.4 percent. The Shanghai Composite Index now sits just above the 3,340-point plateau and it may tick lower again on Monday.
The global forecast for the Asian markets is broadly negative on trade war concerns after China announced retaliatory tariffs on U.S. goods in reaction to President Donald Trump's new levies. The European and U.S. markets were sharply lower and the Asian bourses are also expected to open under pressure.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.