Asian stock markets a sea of green on Friday, despite the broadly negative cues from Wall Street overnight, as traders picked up stocks at a bargain after yesterday's sell-off and on expectations of improved supply-chain in the region amid signs of easing COVID-19 restrictions in China. However, concerns remain about persistent inflation, economic growth and the ongoing war in Ukraine. Asian markets ended sharply lower on Thursday.
The Australian stock market is significantly higher on Friday, recouping some of the sharp losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,100 level, despite the broadly negative cues from Wall Street overnight, with strength in mining and technology stocks, even as rising worries about high inflation and tightening monetary policies remain.
For comments and feedback: editorial@rttnews.com