Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from global markets overnight, as traders reacted positively to some upbeat U.S. economic data on services sector activity and manufactured goods new orders, which helped ease concerns about a lingering recession and sharper interest rate hikes. Asian Markets closed mixed on Wednesday.
However, rising tensions between the U.S. and China after House Speaker Nancy Pelosi's visit to Taiwan and the threatened response by China is weighing on the market.
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