Asian stock markets a sea of green on Friday, despite the broadly negative cues from Wall Street overnight, as traders picked up stocks at a bargain after yesterday's sell-off and on expectations of improved supply-chain in the region amid signs of easing COVID-19 restrictions in China. However, concerns remain about persistent inflation, economic growth and the ongoing war in Ukraine. Asian markets ended sharply lower on Thursday.
The Australian stock market is significantly higher on Friday, recouping some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,100 level, despite the broadly negative cues from Wall Street overnight, with strength in mining and technology stocks, even as rising worries about high inflation and tightening monetary policies remain.
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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.