Asian stocks fell on Thursday as investors booked profits after recent strong gains on earnings optimism and firm signs of an economic recovery.
A spike in short-term interest rates raised worries that Chinese policymakers may be starting to shift to a tighter stance to rein in share prices and property markets.
Chinese shares drifted lower as the country's short-term interest rates rose again, raising worries over signs of liquidity tension ahead of the upcoming Lunar New Year holiday.
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Business News
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.