Asian stocks turned in a mixed performance on Friday, with Chinese and Hong Kong markets underperforming after wealth manager Zhongzhi Enterprise Group told investors it is heavily insolvent with up to $64 billion in liabilities. Trading volumes were muted due to a holiday in the U.S. for Thanksgiving.
The dollar ticked lower in Asian trading, while Treasury yields climbed on expectations that U.S. interest rates will remain elevated.
For comments and feedback contact: editorial@rttnews.com
Business News
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.