Asian stocks were mostly lower in thin holiday trade on Monday, even as Japanese markets soared to a record high after fiscal dove Sanae Takaichi was elected to lead the ruling party.
China and South Korean markets remain shut for holidays. Regional markets elsewhere drifted lower as investors pondered over the potential impact of U.S. President Donald Trump's tariff policies and attacks on the independence of the Federal Reserve.
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Business News
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.