Asian stocks advanced on Tuesday as geopolitical tensions eased and tech stocks rebounded on dip buying.
Risk appetite improved, the dollar weakened slightly and oil prices came off recent highs after Israel and Iran halted attacks on each other following a warning from U.S. President Donald Trump.
China's Shanghai Composite Index jumped 1.3 percent to 4,010.03 despite heightened U.S.-China tensions after the Pentagon accused some of Chinese biggest companies, including Alibaba, Baidu and BYD of supporting the Chinese military. Hong Kong's Hang Seng Index slipped 0.4 percent to 24,565.90.
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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.