Asian stocks ended mostly higher on Wednesday amid optimism that progress in the development of coronavirus vaccines would hasten the pace of economic recovery and as the formal start of U.S. President-elect Joe Biden's transition to the White House eased some of the political uncertainty.
Chinese shares ended lower for the second straight day, while Hong Kong shares rose for the fourth straight session amid optimism about a global economic recovery.
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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.