Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, as traders reacted positively to the dollar tumbling and bond yields moving sharply lower after news of the bond market intervention from the Bank of England. Asian Markets closed mostly lower on Wednesday.
The BoE decided to intervene in the bond market by purchasing long-dated U.K. government bonds to address dysfunction in the gilt market. The BoE also postponed the selling of bonds held under the quantitative easing program to October 31.
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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.