Asian stock markets snapped the losing streak and are mostly higher on Friday, after three straight sessions of losses, following the broadly positive cues overnight from Wall Street on better-than-expected weekly labor market data. Investors are upbeat after Fed officials allayed flation fears and are scooping up bargains following the heavy losses in recent sessions, which were driven by inflation concerns. Asian markets ended mostly lower on Thursday.
However, the gains in markets in the region are capped amid continuing concerns about the accelerating daily coronavirus infection rates caused by highly contagious variants of the virus.
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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.