Asian markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, as South Korea rebounded strongly and markets in Taiwan, Hong Kong and Indonesia surged, with strong gains in technology stocks, which mirrored their peers on tech-heavy Nasdaq. Traders also picked up stocks at relatively reduced levels after the recent sell-off. Asian markets closed mostly lower on Wednesday.
The Australian market is trading modestly higher on Thursday, reversing some of the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains in financial and technology stocks partially offset by weakness in gold miner and energy stocks.
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Market Analysis
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.