Asian stock markets are mostly higher on Monday following the record closing highs on Wall Street Friday and as a slowdown in the rate of coronavirus infections as well as the accelerated coronavirus vaccine rollouts worldwide boosted optimism about the global economic recovery. The markets in China, Taiwan and Hong Kong remain closed for the Lunar New Year holidays.
The Australian market is advancing following the positive cues from Wall Street Friday and on domestic upbeat corporate earnings results.
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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.