Asian stocks fell on Wednesday as persistent worries over inflation and steep asset valuations offset signs that the U.S. Federal Reserve would continue its fiscal policy support.
China's Shanghai Composite Index tumbled 72.28 points, or 2 percent, to 3,564.08 as U.S. President Joe Biden showed readiness to meddle in the imprisonment of two Canadian citizens.
Hong Kong's Hang Seng Index plunged 914.40 points, or 3 percent, to 29,718.24, as the city raised the stamp duty on stock trading for the first time since 1993.
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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.