Asian stock markets are trading mixed on a subdued note on Tuesday, following the mixed cues from global markets ahead of them closing for a long Christmas holiday weekend, as traders remain cautious and do not want to hold on to any significant positions during the holiday ridden final week of the year.
Recouping some of the losses in the previous session, the Australian stock market is trading slightly higher on Friday, following the broadly positive cues from Wall Street overnight.
The Australian stock market is modestly lower on Thursday, giving up some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight.
Australian stock market is trading notably higher on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 7,500 level to ten-month highs, following the broadly positive cues from global markets overnight, with gains across most sectors led by gold miners and energy stocks amid spiking gold and crude oil prices.
Asian stock markets are trading mixed on Tuesday, following the positive cues from Wall Street overnight, amid optimism about the outlook for interest rates, after the US Fed's latest projections hinted at three rate cuts early next year.