Asian markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, with traders cautiously optimistic on hopes for an ease in global trade tensions after the upcoming meeting between U.S. President Trump and China's leader Xi Jinping could ease global trade tensions. The re-escalation in the Middle East conflict and surging crude oil prices renewed global inflationary pressures. Asian markets closed mixed on Wednesday.
The Australian market is trading modestly lower on Thursday, extending the losses in the previous four sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,650 level, with weakness in gold miners, financial and technology stocks.
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