Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, as some upbeat U.S. economic data, including stronger than expected GDP growth and a more than expected surge in economic activity in the fourth quarter, helped to allay fears of an economic slowdown. However, it raised concerns about the outlook for interest rates ahead of next week's US Fed policy meeting. Asian markets ended mostly higher 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 moving to a tad below the 7,500 level, following the broadly positive cues from global markets overnight, with gains is technology and financial stocks.
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