Asian Markets Mostly Higher With Modest Gains

(RTTNews) - Asian stock markets are mostly higher on Friday with modest gains following the negative cues overnight from Wall Street reflecting weakness in tech stocks. Some of the markets pared early gains as investors preferred to remain on the sidelines amid worries about the global economic recovery.

The Australian market pared early gains to trade flat after Victoria reported the highest number of daily coronavirus cases on Friday in the past eight days.

The benchmark S&P/ASX 200 Index is adding 1.20 points or 0.02 percent to 5,884.40, after touching a low of 5,866.10 earlier. The broader All Ordinaries Index is up 6.00 points or 0.10 percent to 6,075.20. Australian stocks closed notably lower on Thursday.

The big four banks - ANZ Banking, Westpac, Commonwealth Bank and National Australia Bank - are lower in a range of 0.5 percent to 0.8 percent.

In the tech sector, Afterpay is advancing almost 2 percent, Appen is adding more than 1 percent and WiseTech Global is higher by almost 1 percent, while their U.S. peers fell overnight.
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