Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, after signs of easing in the Middle East conflict surfaced, with U.S. President Donald Trump announcing a five-day pause on strikes over Iran. Soaring oil prices have already triggered inflationary pressures and prompted global central banks to hold interest rates steady. Asian markets closed mostly lower on Monday.
Trump remarked that U.S.-Iran negotiations to end the war were going on constructively. However, Iran's state-run media said the country's foreign ministry has denied negotiating with the U.S.
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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.