Asian stocks ended mostly lower on Wednesday as investors digested hawkish comments from Fed officials on the future rate hike path and looked ahead to Fed Chair Jerome Powell's speech for direction.
A firmer dollar and a recovery in U.S. Treasury yields weighed on gold, while crude prices held steady in Asian trading after falling more than 4 percent on Tuesday to their lowest level since late July on the back of mixed Chinese trade data and easing Middle East tensions.
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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.