Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, amid ongoing pessimism over the conflict in the Middle East and concerns over the outlook for interest rates. Traders react to US President Donald Trump saying he has decided to hold off on attacking Iran amid requests from leaders from the Middle East. Asian markets closed mostly lower on Monday.
Trump said he suspended a planned strike on Iran scheduled for Tuesday after appeals from Saudi Arabia, Qatar, and the UAE, adding that the Gulf nations believed a deal with Tehran acceptable to Washington could still be reached.
For comments and feedback contact: editorial@rttnews.com
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.