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Following the mostly positive cues from global markets overnight, Asian stock markets are trading mostly higher on Thursday, as traders reacted to the latest remarks from US Fed officials that helped ease recent concerns about the outlook for interest rates.
Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from global markets overnight, as strong US economic data sent Treasury yields higher and renewed concerns over the outlook for interest rates.
Australian shares are trading sharply lower on Wednesday, extending the slight losses in the previous session, with the benchmark S&P/ASX 200 falling below the 7,800 level, following the broadly negative cues from global markets overnight, with losses in technology and financial stocks amid a spike in treasury yields.
The Australian share market ignored the softer lead from US markets overnight to test new highs in early trading, before late afternoon selling pushed the index into the red.
Australian shares hit an all-time high on Tuesday as trading resumed after a long holiday weekend, with miners leading the way, while market participants assessed minutes of the central bank's last...