Asian stocks ended mixed on Friday as fears persisted about the Fed staying hawkish and the Bank of Japan maintained its ultra-loose monetary policy.
While a strengthening dollar and rising Treasury yields spurred risk aversion, Chinese and Hong Kong markets advanced after reports about measures by China to promote the development of its private economy.
China's Shanghai Composite Index rallied 1.6 percent to 3,132.43, while Hong Kong's Hang Seng Index jumped 2.3 percent to 18,057.45.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.