Reflecting the broadly negative cues from global markets overnight, Asian stock markets are also trading lower on Thursday, amid rising bond yields to multi-year highs, concerns about the outlook for interest rates and escalating tensions in the Middle East. Asian Markets closed mixed on Wednesday.
The Australian market is sharply lower on Thursday, giving up the gains in the previous two sessions, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is falling below the 7,000 mark, with weakness across most sectors led by iron ore miners and energy 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.