Asian stock markets, with the exception of New Zealand, are lower on Thursday following the sharp losses overnight on Wall Street as weak U.S. economic data and corporate earnings results pointed to the damaging economic impact of the coronavirus pandemic.
Globally, the number of coronavirus cases has topped more than 2 million, while more than 133,000 deaths related to the pandemic have also been reported.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.