Asian stocks ended mostly lower on Wednesday as Middle East tension flared again and regional inflation data underscored persistent price pressures. Traders also awaited cues from key U.S. CPI data that might show inflation at a three-year high in May.
The dollar was steady, while gold prices tumbled below $4,200 an ounce after an American helicopter was downed over the Strait of Hormuz and the U.S. struck Iranian air defense, ground control stations, and surveillance radar sites in retaliation.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.