Asian stocks ended mostly lower on Friday, mirroring steep declines on Wall Street overnight amid lingering geopolitical tensions in the Middle East.
Claiming that talks with Tehran are "going very well," U.S. President Doanld Trump announced he would delay attacks on Iran's energy infrastructure by an additional 10 days — extending for a second time his deadline for Iran to reopen the Strait of Hormuz.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.