Asian stock markets are trading mostly lower on Tuesday, following the firmly negative cues from Wall Street overnight, as traders are concerned that the regulatory crackdowns and a collapse at Evergrande could hurt an already fragile Chinese economy and drag on global growth. The mood also remained cautious amid uncertainty of interest rates and the coronavirus infections in the region tempered by support from climbing crude oil prices. Asian stocks ended on a mixed note on Monday.
The Australian stock market is notably lower on Tuesday, giving up some of gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the firmly negative cues from Wall Street overnight, with technology stocks mirroring their peers on Nasdaq, partially offset by strength in energy stocks and gold miners. The domestic coronavirus situation, primarily in New South Wales and Victoria, is also denting investor sentiment.
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Market Analysis
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.