Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, with gains from technology stocks were partially offset by weakness from the energy companies. Traders also digested the latest batch of economic data from the U.S., and the European Central Bank's decision to hike interest rates by 50 basis points, the first rate hike in over a decade. Asian markets ended mixed on Thursday.
The Australian stock market is modestly higher in choppy trading on Friday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 6,800 level, following the broadly positive cues from Wall Street overnight, with strength in gold miners, technology and financial stocks partially offset by weakness in materials and energy stocks.
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