Asian Markets Treading Higher
CANBERA (dpa-AFX) - Asian stock markets are trading higher on Friday, following the broadly positive cues overnight from Wall Street after US President Joe Biden accepted a bipartisan Senate deal to spend US$579 billion on infrastructure projects that renewed buying interest amid optimism for economic recovery. Asian markets ended mostly higher on Thursday.
Australian stock market is marginally higher on Friday, recouping the losses of the previous session, with the benchmark S&P/ASX 200 breaking above the 7,300 level, following the broadly positive cues overnight from Wall Street. Strong gains in mining and financial stocks offset weakness in technology and energy stocks.