Asian stocks fell on Friday as treasury yields spiked in reaction to the latest comments from Federal Reserve Chair Jerome Powell indicating that he expects some inflationary pressures in the time ahead.
China's Shanghai Composite Index fluctuated before finishing marginally lower at 3,501.99, as the country set a conservative economic growth target of above 6 percent for 2021, well below what economists had forecast, and outlined fiscal support for the economic recovery.
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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.