Asian shares ended mixed on Thursday after steep losses on Wall Street overnight. Middle East tensions and rate hike expectations kept investors on edge, but overall losses were limited after the U.S. military said that it had "completed" its latest round of airstrikes targeting Iran.
The dollar held steady near a two-month high in Asian trading after the U.S. launched fresh strikes on Iran.
Gold jumped 0.8 percent to $4,104 an ounce, rebounding from a six-month low as investors sought safe-haven assets amid escalating U.S.-Iran tensions.
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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.