The China stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had advanced more than 100 points or 2.5 percent. The Shanghai Composite Index now sits just above the 4,210-point plateau and it's expected to open under water again on Wednesday.
The global forecast for the Asian markets is weak on surging oil prices and weakness among technology stocks. The European markets were down and the U.S. bourses were mixed and the Asian markets also figure to open to the downside.
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Market Analysis
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.