Asian stocks steadied on Wednesday as Russia faced mounting pressure and economic sanctions over the Ukraine crisis. Japanese markets were closed for a public holiday.
Western nations on Tuesday punished Russia with new sanctions for ordering troops into separatist regions of eastern Ukraine and threatened to go further if Moscow launched an all-out invasion of its neighbor.
Chinese shares rose sharply after Bloomberg reported that regulators asked China Huarong Asset Management Co. and its peers to buy property assets from troubled developers and formulate plans for taking over or restructuring smaller lenders.
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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.