Asian markets closed on a predominantly negative note on Wednesday amidst anxiety ahead of release of PMI readings from China. Hang Seng extended losses, closing at a 1-month low. Comments from a Bank of Japan official suggesting it is too premature to discuss policy normalization also swayed sentiment.
China's Shanghai Composite Index declined 0.6 percent to finish trading at 3,021.69. The day's trading ranged between 3,038.98 and 3,017.66. The Shenzhen Component Index lost 0.9 percent to close at 9,744.39.
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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.