Asian stocks ended mostly higher on Monday as optimism over talks between Russia and Ukraine outweighed concerns over banning Russia from the SWIFT financial system.
The EU, Britain and the U.S. are freezing the Russian central bank's assets, meaning they can't be deployed to intervene in currency markets.
The Russian currency fell nearly 30 percent against the U.S. dollar after President Putin put Russian nuclear forces on high alert in an effort to deter NATO supplies from being sent into Ukraine.
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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.