Asian stocks ended mixed on Wednesday after overnight data showed U.S. consumer price inflation slowed in May, reinforcing expectations the Federal Reserve would skip a rate hike later in the day.
Expectations of more rate cuts and policy stimulus from China helped to limit overall losses to some extent.
Chinese shares fluctuated before finishing slightly lower after a World Bank report cautioned that China's economic recovery remains fragile and depended on policy support.
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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.