Asian stocks ended mixed on Tuesday as Chinese growth concerns persisted and investors waited for further direction from Federal Reserve Chair Jerome Powell, who will testify before Congress on Wednesday. A cautious undertone prevailed due to a federal holiday in the U.S. on Monday.
The dollar traded higher after a meeting between Chinese leader Xi Jinping and U.S. Secretary of State Antony Blinken yielded no signs of progress from either side on a range of bilateral issues. However, both sides indicated a willingness to cooperate.
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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.