Asian stock markets are a sea of red on Friday, following the broadly negative cues from Wall Street overnight, dragged primarily by steep losses in financial stock, which mirrored their peers on Wall Street amid persistent concerns about the outlook for interest rates. Traders are also looking ahead to the release of the more closely watched monthly US jobs report later in the day. Asian markets ended mixed on Thursday.
The jobs report could have a significant effect on the pace of interest rate hikes as determined by the US Fed.
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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.