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Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade
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Asian Markets Mostly Higher

Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues overnight from Wall Street, led by a strong rebound in energy stocks and renewed optimism about economic growth. However, the upside is capped as traders remained cautious amid record infections of the highly contagious coronavirus delta variant in several markets in the region and across the world. Asian markets closed mixed on Wednesday.
The Australian stock market is modestly higher on Thursday, extending the gains of the previous session, with the benchmark S&P/ASX 200 just below the 7,400 level, following the broadly positive cues overnight from Wall Street, led by a strong rebound in energy stocks and renewed optimism about economic growth. Traders remain concerned amid the spike in COVID-19 cases of the highly contagious delta variant in New South Wales Victoria and South Australia. ....

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Asian Markets Display Mixed Trend

Asian Markets Display Mixed Trend
CANBERA (dpa-AFX) - Asian stock markets are trading mixed on Wednesday, following the broadly positive cues overnight from Wall Street, as traders picked up stocks at reduced levels after the recent steep drop, even amid concerns about the recent acceleration in the spread of the highly contagious coronavirus delta variant in several parts of the world. The rising tension between China and the West is also denting sentiment. Asian Markets closed mostly lower on Tuesday.
The Australian stock market is sharply higher on Wednesday, recouping some of the losses of the previous two sessions, with the benchmark S&P/ASX 200 breaking above the 7,300 level, following the broadly positive cues overnight from Wall Street. Traders are optimistic about domestic economic recovery after the minutes of the RBA s July policy meeting showed that the economic recovery in Australia has been stronger than earlier expected and is forecast to continue. ....

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Asian Markets Mostly Lower

Asian Markets Mostly Lower
CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Friday, following the negative cues overnight from Wall Street on sinking crude oil prices, renewed Covid-19 concerns and rising tensions between China and the U.S. Traders are also worried about the global economy as some central banks around the world are considering tightening monetary policy much sooner than the US Federal Reserve. Asian markets ended mixed on Thursday.
Australian stock market is slightly lower on Friday, extending the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,300 level, following the negative cues overnight from Wall Street, as financial and mining stocks are taking a beating. Traders also remain concerned amid the rapid spread of highly contagious coronavirus variants in New South Wales and now in Victoria, with both greater Sydney and Melbourne under lockdowns. ....

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Asian Markets Mostly Higher Amid Cautious Trade

Asian Markets Mostly Higher Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Thursday, despite the lack of cues overnight from Wall Street, after the Beige Book revealed that the U.S. economy strengthened from late May to early July, with the pace of growth described as moderate to robust, boosting the prospects of a faster global economic rebound. Asian markets closed mostly lower on Wednesday.
However, the upside is capped as traders remained cautious amid mounting fears over the surge in the fresh wave of COVID-19 infections in several markets in the region and across the world. It is also feared that more countries will likely impose stricter restrictions and lockdown, which will hamper economic activity. ....

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