Reflecting the broadly negative cues from global markets overnight, Asian stock markets are also trading lower on Thursday, amid rising bond yields to multi-year highs, concerns about the outlook for interest rates and escalating tensions in the Middle East. Asian Markets closed mixed on Wednesday.
The Australian market is sharply lower on Thursday, giving up the gains in the previous two sessions, following the broadly negative cues from global markets overnight. The benchmark S&P/ASX 200 is falling below the 7,000 mark, with weakness across most sectors led by iron ore miners and energy stocks.
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