Asian stock markets are mixed in the final session of the year on Friday, following the lackluster cues from Wall Street overnight, amid optimism about the likelihood of near-term interest rate cuts by the US Fed, but traders are cautious and remain reluctant to make significant moves going into the end of the year and ahead of the New Year's long weekend. Asian markets ended mostly higher on Thursday.
Giving up some of the gains in the previous two sessions, the Australian stock market is modestly lower on Friday, following the lackluster cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 7,600 level, with losses across most sectors led by gold miners and technology stocks.
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