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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