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Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 7,500 level, following the mixed cues from Wall Street overnight, with losses in mining and energy stocks partially offset by gains in technology stocks.
Asian stock markets are mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders look to book some profits after the recent strength in the markets and amid lingering uncertainty about the outlook for interest rates.
Snapping a four-session losing streak, the Australian stock market is significantly higher on Tuesday, following the broadly positive cues from global markets overnight.
Asian stock markets are mostly higher on Tuesday, following the broadly positive cues from global markets overnight, amid ongoing optimism about the outlook for the markets despite recent uncertainty about the likelihood of near-term interest rate cuts.
The Australian stock market is currently trading slightly higher on Monday after opening in the red, recouping some of the losses in the previous three sessions, with the benchmark S&P/ASX 200 moving to a tad below the 7,500.