Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, supported by gains in energy stocks on spiking crude oil prices. Traders remain cautious amid persisting worries about inflation and tighter policy stance of global central banks. They also indulged in picking up some stocks at reduced levels following recent sell-off. Asian Markets closed mostly lower on Wednesday.
The Australian stock market is notably higher on Thursday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying below the 6,900 level, following the broadly positive cues from Wall Street overnight, as energy stocks saw significant strength amid spiking crude oil prices. Traders are also picking up stocks at a bargain after the markets posted its worst one-day drop.
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