Asian stocks fell for an eighth straight session on Wednesday, with Europe's energy woes and a drought-fueled power crisis in China keeping investors nervous.
Investors also braced for a hawkish message from the Federal Reserve at this week's Jackson Hole symposium.
The dollar traded firm and the 10-year U.S. Treasury yield held above 3 percent after Minneapolis Federal Reserve Bank President Neel Kashkari said the Fed needs to be more aggressive to control inflation.
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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.