Mirroring the broadly positive cues from global markets overnight, Asian stock markets are mostly higher in thin trades on Friday amid China's Golden week holiday. Traders are indulging in bargain hunting as they picked up stocks at reduced levels following recent weakness even as concerns remain about interest rates and the outlook for global economic growth. Asian markets ended mostly lower on Thursday.
Snapping the four-session losing streak, the Australian stock market is modestly higher on Friday, following the broadly positive cues from global markets overnight. The benchmark S&P/ASX 200 is staying above the 7,000 mark, with gains in miners and technology stocks, partially offset by losses in energy stocks.
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