Asian stocks followed Wall Street lower on Tuesday amid worries that interest rate increases in the United States might stall global growth.
Regional markets ended well off their day's lows after the Chinese government announced rent cuts and other aid for small businesses in a new effort to boost economic growth.
Sliding U.S. bond yields undermined the dollar and helped gold regain some ground in Asian trade, while oil edged up slightly after tumbling around 6 percent in the U.S. trading session on demand worries.
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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.