Asian stock markets are mostly lower on Friday, following the mixed cues from global markets overnight, with weakness in materials and energy stocks amid tumbling commodity prices. Traders also cautious amid worries about economic slowdown and renewed concerns about the turmoil in the US banking sector. Asian markets ended mostly lower on Thursday.
"Banking stress won't be going away anytime soon as we await to see which banks put too much in long-dated Treasuries," says Edward Moya, Senior Market Analyst at OANDA.
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