Asian stock markets are trading mostly weak on Friday, following the broadly negative cues from global markets overnight, amid continuing worries about inflation, interest rates and outlook for global economic growth after the US Fed's hawkish indications it will keep interest rates at elevated levels for longer than previously anticipated to combat stubborn inflation, after one more rate hike this year. Asian markets ended mostly lower on Thursday.
The Australian stock market is significantly lower on Friday, extending the losses in the previous four sessions, with the benchmark S&P/ASX 200 staying just above the 7,000 mark, following the broadly negative cues from global markets overnight, with weakness across most sectors, led by heavyweight mining stocks and technology stocks.
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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.