Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, as traders are now concerned about how quickly the US Fed will continue to lower interest rates next year after a report showed producer prices in the U.S. increased by more than expected in the month of November. Asian markets ended mixed on Thursday.
The Australian stock market is notably lower on Friday, extending the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness across most sectors led by mining and technology stocks.
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