Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, amid renewed concerns about the US Fed further postponing its first interest rate cut to after June, following the release of hotter-than-expected producer price inflation data for February. Asian markets ended mixed on Thursday.
Adding to the losses in the previous session, the Australian stock market is significantly lower on Friday, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,700 level, with losses in mining, financial and technology stocks partially offset by gains in energy stocks on firmer crude oil prices.
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