Asian stock markets are trading mixed on Friday, following the broadly negative cues overnight from Wall Street on downbeat US labor data and continued slump in U.S. treasury yields. Traders remain concerns about the outlook for the global economy amid considerable weakness in most markets due to the fresh wave of the highly infectious coronavirus variant. Asian markets ended mostly lower on Thursday.
Australian stock market is sharply lower on Friday, after gains in the previous two sessions, with the benchmark S&P/ASX 200 just falling below the 7,300 level, following the broadly negative cues overnight from Wall Street, as financial and technology stocks are taking a beating. Traders also remain concerned amid the rapid spread of highly contagious coronavirus variants is Sydney, with residents bracing for a fresh spike of COVID cases. New South Wales recorded 44 new COVID cases.
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