Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, as the markets cheer the U.S. Supreme Court striking down most of US President Donald Trump's global tariffs saying the International Emergency Economic Powers Act, or IEEPA, does not authorize the president to impose tariffs. Traders also kept a close eye on the evolving geopolitical situation involving the US and Iran. Asian markets closed mostly lower on Friday.
The Australian stock market is modestly lower on Monday after opening in the green, extending the slight losses in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying below the 8,100.00 level, with weakness in energy and technology stocks partially offset by gains in gold miner stocks.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.