Asian stock markets are trading mixed on Thursday, following the broadly positive cues from Wall Street overnight, as worries about economic slowdown, inflation and rate hike concerns continued to weigh on the market. Traders are also cautious ahead of the monetary policy announcements by the Bank of Japan and the European Central Bank later in the day. Asian Markets closed mostly higher on Wednesday.
The Australian stock market is slightly weak in choppy trading on Thursday, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 6,800 level, despite the broadly positive cues from Wall Street overnight, with weakness in materials and energy stocks nearly offset by the strong gains in technology stocks.
For comments and feedback: editorial@rttnews.com