Asian stock markets are mostly higher on Wednesday, following the broadly positive cues from global markets overnight, reflecting a positive reaction to upbeat earnings news from US financial companies and renewed optimism over upcoming earnings. Traders also continue to pick up battered stocks at a bargain following the recent market weakness. Asian Markets closed mostly higher on Tuesday.
The Australian stock market is modestly higher in choppy trading on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 6,800 level, following the broadly positive cues from global markets overnight, as traders remain cautious and pick up battered stocks at a bargain following the recent market weakness.
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