Asian markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, as South Korea rebounded strongly and markets in Taiwan, Hong Kong and Indonesia surged, with strong gains in technology stocks, which mirrored their peers on tech-heavy Nasdaq. Traders also picked up stocks at relatively reduced levels after the recent sell-off. Asian markets closed mostly lower on Wednesday.
The Australian market is trading modestly higher on Thursday, reversing some of the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,900 level, with gains in financial and technology stocks partially offset by weakness in gold miner and energy stocks.
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