Asian stocks plunged on Monday amidst a flare-up in protests against China's strict Covid curbs. The surging Covid caseload and the widespread protests in China dampened investor sentiment in most of the Asian markets. Sentiment also impacted commodity, bond and currency markets as well as global stock indexes.
China's Shanghai Composite Index dropped 23.14 points or 0.8 percent to finish at 3,078.55. The day's trading ranged between 3,034.70 and 3,080.18. The Shenzhen Component Index shed 75.19 points or 0.7 percent to close at 10,829.08.
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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.