Asian stocks ended mixed on Thursday, with the spotlight firmly on a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing.
Based on Xi Jinping's readout of the meeting, the two leaders agreed to develop a "constructive China-U.S. relationship of strategic stability" led by cooperation and "measured competition."
The dollar held firm in Asian trading, tracking higher U.S. Treasury yields, as investors began to price in the prospect of Federal Reserve rate hikes this year.
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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.