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Asian Markets Mostly In Red


Asian Markets Mostly In Red
CANBERA (dpa-AFX) - Asian stock markets are mostly lower on Thursday following negative cues overnight from Wall Street as bond yields rose again after trending lower over the past few sessions, fueling inflation concerns. Surging oil prices is also weighing on the market amid speculation that OPEC+ producers might decide against increasing output at a key meeting later today. Asian stocks closed notably higher on Wednesday.
The Australian stock market is lower on renewed selling pressure on Thursday, with the benchmark S&P/ASX 200 treading towards the 6,700 level as investors are cautious following negative Wall Street cues overnight. Precious metal miners are deep into the red after a sharp decline in gold prices. ....

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