Mirroring the broadly negative cues from Wall Street overnight, Asian stock markets are trading mostly lower on Thursday, as energy stocks tumbled amid a sharp fall in crude oil prices and traders reacted to some economic data emerging from the region, including from Australia and China. Traders are also reluctant to make significant moves ahead of the release of the closely watched US monthly jobs report on Friday. Asian Markets closed mostly higher on Wednesday.
The Australian stock market is modestly lower on Thursday, giving up some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,200 level, with losses in losses in energy stocks amid tumbling crude oil prices, partially offset by strong gains in iron ore miners and technology stocks.
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