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Asian Markets Mostly Higher With Modest Gains

(RTTNews) - Asian stock markets are mostly higher on Friday after U.S. stocks edged higher overnight. However, gains are modest in most markets as investors turned cautious ahead of the release of the U.S. Labor Department's closely watched monthly jobs report for November later in the day.

Investors also digested a report by the Wall Street Journal indicating the U.S. and China are at odds over the size of Chinese agricultural purchases.

The Australian market is extending gains from the previous session.

The benchmark S&P/ASX 200 Index is adding 14.60 points or 0.22 percent to 6,697.60, after touching a high of 6,699.70 earlier. The broader All Ordinaries Index is advancing 12.30 points or 0.18 percent to 6,803.40. Australian stocks closed notably higher on Thursday.

The big four banks are mixed. Commonwealth Bank is adding 0.4 percent and National Australia Bank is rising 0.2 percent, while ANZ Banking is declining 0.4 percent and Westpac is down 0.3 percent.
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