Asian markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, with traders cautiously optimistic on hopes for an ease in global trade tensions after the upcoming meeting between U.S. President Trump and China's leader Xi Jinping could ease global trade tensions. The re-escalation in the Middle East conflict and surging crude oil prices renewed global inflationary pressures. Asian markets closed mixed on Wednesday.
The Australian market is trading modestly lower on Thursday, extending the losses in the previous four sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,650 level, with weakness in gold miners, financial and technology stocks.
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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.