Asian stock markets are mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders look to book some profits after the recent strength in the markets and amid lingering uncertainty about the outlook for interest rates. They also seemed reluctant to make significant moves ahead of the release of key US inflation data later in the week. Asian markets closed mostly higher on Tuesday.
Australian shares are trading notably lower on Wednesday, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,500 level, following the mixed cues from Wall Street overnight, with losses in mining and energy stocks partially offset by gains in technology stocks.
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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.