The Hong Kong stock market on Wednesday snapped the two-day winning streak in which it had jumped more than 320 points or 1.2 percent. The Hang Seng Index now rests just above the 26,160-point plateau although it may recover some of those losses on Thursday.
The global forecast for the Asian markets is cautiously optimistic on hopes for an end to the conflict in the Middle East. The European markets were down and the U.S. bourse were up and the Asian markets figure to follow the latter lead.
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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.