Reflecting the broadly positive cues from Wall Street overnight, Asian stock markets are also trading higher on Thursday, as softer-than-expected US jobs data drove bond yields lower, which retreated from 16-year highs. Traders are also indulging in bargain hunting after the recent slump in the markets. Asian Markets closed mostly lower on Wednesday.
The Australian market is notably higher on Thursday, recouping some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 moved above the 6,900 level, with gains in gold miners and financial stocks partially offset by losses in iron ore miners and energy stocks.
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