Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, amid hopes of lower negotiated reciprocal tariffs on US trade partners in the region, with Japan making positive progress in trade talks with the U.S. However, the escalating U.S.-China trade tensions and a deteriorating outlook for global trade continue to weigh on market sentiment. Asian Markets closed mostly lower on Wednesday.
The Australian market is trading modestly higher on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,800 level, with gains mining and energy stocks partially offset by weakness in technology and financial stocks.
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