Asian Markets Mostly Lower
CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Friday, tracking the mixed cues overnight from Wall Street and following the recent strong gains leading up to U.S. President Joe Biden s inauguration. Optimism about ramped up efforts to combat the coronavirus and more stimulus under the new Biden administration have helped to prop up the markets in recent days.
The Australian market is declining after three days of gains and following the mixed cues from Wall Street. Investors also turned cautious as they digested mixed Australian economic data.
The benchmark S&P/ASX 200 Index is losing 10.60 points or 0.16 percent to 6,813.10, after touching a low of 6,809.00. The broader All Ordinaries Index is lower by 12.40 points or 0.17 percent to 7,094.70. The Australian market closed at an eleven-month high on Thursday.
TOKYO (dpa-AFX) - The Japanese stock market is rising on Thursday despite the mixed lead overnight from Wall Street and expectations for a formal declaration by the Japanese government of a coronavirus