Asian Markets Exhibit Mixed Trend

(RTTNews) - Asian stock markets are mixed on Thursday in choppy trading following the lackluster cues overnight from Wall Street amid reports that the signing of an interim trade deal between the U.S. and China could be delayed until December. A senior Trump administration official reportedly said China's latest push for more tariff rollbacks was not expected to derail progress toward an interim deal.

The Australian market is rising despite the mixed cues from Wall Street amid a lack of progress on the U.S.-China trade front. Investors also shrugged off weak earnings results from National Australia Bank. Banks and tech stocks are among the leading gainers.

The benchmark S&P/ASX 200 Index is advancing 43.30 points or 0.65 percent to 6,703.50, while the broader All Ordinaries Index is adding 42.30 points or 0.62 percent to 6,815.50. Australian stocks closed lower on Wednesday.

In the banking space, ANZ Banking is up 0.2 percent, Westpac Banking is adding 1 percent and Commonwealth Bank is advancing more than 1 percent.

National Australia Bank reported a 10.6 percent decrease in full-year cash profit and said it will pay a reduced final dividend. However, the bank's shares are gaining more than 2 percent.
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