Asian stock markets are trading mixed in thin holiday trading on Tuesday, following the firmly negative cues from Wall Street overnight, as traders indulged in bargain hunting, even as sinking crude oil prices and worries about potential collapse of Chinese real estate firm Evergrande dented sentiment. Traders also continued to track updates about the spread in the delta variant of the coronavirus in the region. Asian stocks ended mostly lower on Monday.
Traders are also cautious as they look ahead to the Federal Reserve's highly anticipated monetary policy announcement on Wednesday. Though, the central bank is widely expected to leave monetary policy unchanged, traders are likely to pay close attention to the wording of the post-meeting statements for cues on the economy.
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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.