Asian stocks turned in a mixed performance on Wednesday after a private survey showed China's services sector grew at a faster clip in July compared to the previous month as a result of easing COVID-19 curbs.
A cautious undertone prevailed after U.S. House Speaker Nancy Pelosi's visit to Taiwan triggered a strong reaction from China.
Taiwan struck a defiant tone as a furious China geared up for military exercises dangerously close to the island's shores in retaliation for the visit. China views Taiwan as a breakaway province.
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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.