Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, hurt by tumbling technology stocks which mirrored their peers on the tech-heavy Nasdaq amid concerns about excessive levels of investment across the AI space. Traders also remain concerned about the uncertainty in the global tariff space and the geopolitical conflict between the United States and Iran. Asian markets ended mostly higher on Thursday.
Traders were also looking ahead to the release of report on US producer price inflation in the month of January. While not as closely watched as consumer price inflation data, the producer price inflation report could impact the outlook for interest rates.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.