Asian stock markets are trading mixed on Wednesday, following the broadly positive cues from Wall Street overnight, amid the rising geopolitical tensions between the US and Venezuela as well as China and Japan on escalating tensions over Taiwan. Traders also remain cautious ahead to the release of several key U.S. economic reports later in the week. Asian markets closed mostly higher on Tuesday.
The highlight of the week may be the monthly jobs report on Friday, which could impact the outlook for interest rates ahead of the US Fed's next monetary policy meeting later this month.
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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.