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The Australian market is slightly lower on Thursday, giving up some of the gains in the previous session, following the broadly negative cues from Wall Street overnight.

Mirroring the broadly negative cues from Wall Street overnight, Asian stock markets are mostly lower on Thursday, as energy stocks tumbled amid a sharp fall in crude oil prices and traders reacted to some economic data emerging from the region, including from Australia and China.

Australian shares are trading significantly higher on Wednesday, recovering from the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,100 level, following the mixed cues from global markets overnight, with gains across most sectors led by technology stocks.

Giving up the gains in the previous session, the Australian stock market is significantly lower on Tuesday, following the broadly negative cues from Wall Street overnight.

This column’s habitual territory is stocks whose share price chart goes from top left to bottom right, in the view that unloved can mean undervalued (at least as long as the business model is not broken and the balance sheet is sound enough to see the company through any near-term turbulence).