Asian stocks rose on Monday, even as most regional markets remained closed for holidays. While Australia, New Zealand and Hong Kong celebrate Easter, mainland China and Taiwan celebrate the Qingming Festival, the tomb-sweeping holiday.
Regional sentiment was underpinned after all three Wall Street indexes posted strong gains last week on hopes of Iran war de-escalation.
The dollar index was steady in Asian trading, while gold prices fell below $4,650 an ounce as stronger-than-expected U.S. jobs data and rising oil prices linked to the Iran conflict dampened hopes for Federal Reserve rate cuts this year.
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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.