Asian stock markets are trading mixed on Friday, following the broadly positive cues from global markets overnight, as traders remain cautious in making large moves amid uncertainty about the near-term outlook for the markets following recent strength. Worries about global economic slowdown and soaring inflation also weighed on sentiment. Asian markets ended mostly lower on Thursday.
The Australian stock market is modestly higher on Friday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,100 level, following the broadly positive cues from global markets overnight, with particular strength in energy stocks amid a spike in crude oil prices, partially offset weakness in financial stocks.
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