Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as traders remained concerned about a global recession after data showed a sharp acceleration in UK inflation. A jump in US treasury yields to its highest closing level in over fourteen years also strengthened the US dollar against Asian currencies. Asian Markets closed mixed on Wednesday.
The Australian stock market is significantly lower on Thursday, giving up the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving down to nearly the 6,700 level, following the broadly negative cues from global markets overnight, with technology stocks and miners leading the decline, partially offset by gains in energy stocks amid higher oil prices.
For comments and feedback: editorial@rttnews.com