Asian stocks rose on Friday after the latest U.S. consumer and producer price data confirmed a slowdown in inflation. There is a broad sense among market participants that larger 75 basis point U.S. rate hikes are off the table for now.
China's Shanghai Composite Index jumped 1 percent to 3,084.28 after officials denied rumors that Beijing will be put into a Shanghai-style lockdown because of a persistent Covid-19 outbreak. Separately, Shanghai said it is aiming to reach zero-COVID at the community level in the next few days.
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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.