Asian Markets Mostly Lower Amid Cautious Trades
CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Thursday after strong gains in the previous sessions and following the mixed cues overnight from Wall Street as the release of some upbeat economic data raised concerns of additional U.S. stimulus. Investors also turned cautious as they digested local corporate earnings results.
The Australian market is declining after three days of gains.
The benchmark S&P/ASX 200 Index is losing 32.50 points or 0.48 percent to 6,792.10 and the broader All Ordinaries Index is lower by 26.90 points or 0.38 percent to 7,064.00.
The major miners are weak. Rio Tinto is lower by almost 1 percent, while BHP Group and Fortescue Metals are down 0.2 percent each.