Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, as traders seemingly pausing to assess the near-term outlook for the markets and indulged in taking out some profit from the market following recent gains after the recent rally.
The Australian market is sharply higher on Thursday, adding to the gains in the previous session, following the broadly positive cues from global markets overnight.
Asian stock markets are a sea of green on Thursday, following the broadly positive cues from global markets overnight, as traders reacted positively to a closely watched report on US consumer price inflation that showed a smaller-than-expected increase in the month of April to reinforce expectations the US Fed will begin cutting interest rates in September.
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Australian shares are trading notably higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving to stay below the 7,800 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.