Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, with markets in South Korea and Taiwan leading regional gains, thanks to support from technology stocks and easing crude oil prices. Persistent optimism about an end to the Middle East war and the potential opening of the Strait of Hormuz are aiding market sentiment. Asian markets closed mixed on Tuesday.
US President Donald Trump said in a post on Truth Social on Monday that negotiations with Iran "are proceeding nicely!"
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Market Analysis
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.