Asian stocks moved mostly lower on Wednesday and the dollar soared as better than expected U.S. retail data raised concerns about an earlier than expected rate hike by the U.S. Federal Reserve.
China's Shanghai Composite Index rose 15.58 points, or 0.4 percent, to 3,537.37 after reports the country plans to let property companies resume issuance of asset-backed securities.
In addition, China Business News reported that China Evergrande Group Chairman Hui Ka Yan injected more than 7 billion yuan ($1.1 billion) in cash to boost the firm's liquidity.
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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.