Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, with tech-heavy markets of South Korea and Japan leading the losses in the region on tumbling artificial intelligence-related stocks amid concerns about an AI bubble burst. Asian markets ended mostly higher on Thursday.
Negative sentiment may also have been generated in reaction to a report from global outplacement firm Challenger, Gray & Christmas showing a sharp increase in layoff announcements in the month of October.
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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.