Mirroring the broadly positive cues from the global markets overnight, Asian stock markets are trading mostly higher on Wednesday, as worries about the outlook for interest rates eased a bit after dovish comments from some US Fed officials lowered expectations for further interest rate hikes for now. However, concerns about the ongoing Israel-Hamas war weighed on the market. Asian markets closed mostly higher on Tuesday.
The Australian stock market is gaining for the fifth straight session on Wednesday, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the broadly positive cues from global markets overnight, with gains across most sectors led by technology stocks. Mining stocks are also gaining amid a spike in metal prices.
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