Asian stocks ended deep in the red on Wednesday as a resurgence of coronavirus infections in some countries cast doubt over an economic rebound from the pandemic.
Chinese shares recovered from an early slide to end largely unchanged on the back of upbeat earnings results from some banks. Hong Kong's Hang Seng Index ended down 513.81 points, or 1.8 percent, at 28,621.92.
Japanese shares tumbled as investors braced for another state of emergency expected to be imposed in the capital and other major cities.
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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.