Asian stock markets are trading mixed on Thursday, following the broadly negative cues from global markets overnight, as traders reacted to the minutes of the US Fed's recent monetary policy meeting that suggested officials expect to maintain interest rates at current levels longer than previously thought.
Australian shares are trading modestly higher on Wednesday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying well above the 7,800 level, following the broadly positive cues from Wall Street overnight, with gains in miners and financial stocks partially offset by weakness in technology stocks.
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive from Wall Street overnight, as traders largely refrained from making significant moves as they await the release of the minutes of the US Fed's latest monetary policy meeting later in the day for clues about the outlook for interest rates.
Australian shares declined on
Tuesday, as losses in financial stocks countered gains in miners
and tech stocks, while James Hardie Industries plunged to its
lowest level in five months. .
Asian stock markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, amid lingering uncertainty about the outlook for interest rates, with some US Fed officials warning the central bank may still need to raise rates if inflation persists.