Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as continuing uncertainty about the fragile ceasefire in the Middle East conflict and the related surge in crude oil prices is weighing on market sentiment. The US launched fresh strikes on Iran, with US President Donald Trump accusing Tehran of downing a helicopter in the Strait of Hormuz. Asian markets closed mostly higher on Tuesday.
The U.S. military has launched fresh strikes against Iran in a very strong, powerful response to the downing of a U.S. Army Apache helicopter off the Oman coast. It was said that U.S. fighter jets struck Iranian air defense systems and radar sites near the Strait of Hormuz.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.