Influenced by the broadly negative cues from global markets overnight, Asian stock markets are trading mostly lower on Wednesday, with traders remaining cautious after the US Fed recently forecast another rate hike before the end of the year and keeping rates at elevated levels for longer than previously anticipated. The US dollar also continued its strength against major currencies in the region. Asian markets closed mostly lower on Tuesday.
JPMorgan Chase CEO Jamie Dimon warned in an interview with The Times of India that rates could go as high as 7 percent.
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Market Analysis
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.