Asian stocks succumbed to selling pressure on Tuesday amid a tech sell-off and growing concerns over inflation. As the economy heats up, it is feared that the Federal Reserve may tighten its monetary policy sooner than expected.
Chinese shares reversed early losses to close higher, with the benchmark Shanghai Composite Index edging up 13.85 points, or 0.4 percent, to 3,441.85. Hong Kong's Hang Seng Index tumbled 581.85 points, or 2 percent, to 28,013.81.
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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.