Asian Markets Mostly Higher

(RTTNews) - Asian stock markets are mostly higher on Thursday following the modest gains on Wall Street and as upbeat corporate earnings results helped offset concerns about the Brexit uncertainty and the U.S.-China trade war. Overnight, luxury electric car maker Tesla reported a surprise third-quarter profit, while software giant Mircrosoft reported results for the first quarter that beat analysts' expectations.

The Australian market is rising following the positive cues from Wall Street. Resources stocks are among the leading gainers, reflecting higher commodity prices. Investors also digested mixed corporate earnings results.

The benchmark S&P/ASX 200 Index is adding 34.70 points or 0.52 percent to 6,707.80, after rising to a high of 6715.20 earlier. The broader All Ordinaries Index is up 34.30 points or 0.51 percent to 6,812.50. Australian stocks recovered from an early sell-off to end nearly flat on Wednesday.

Oil stocks are higher after crude oil prices rose to a one-month high overnight. Santos and Woodside Petroleum are higher by more than 2 percent each and Oil Search is up more than 1 percent.

Among the major miners, BHP Billiton and Rio Tinto are adding almost 1 percent each, buoyed by higher iron ore and copper prices.
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