Asian stocks fell on Thursday amid concerns about the rapid spread of Covid infections in China and fears about the potential for new variants to emerge.
Several countries including the United States, Japan, Italy Taiwan and India have imposed new restrictions mandating Covid-19 tests for passengers arriving from China.
Investors also assessed the likelihood of a U.S. recession in 2023 due to the Federal Reserve's aggressive policy tightening to tame inflation.
For comments and feedback contact: editorial@rttnews.com
Business News
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.