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Asian Markets Extend Losses

(RTTNews) - Asian stock markets are extending losses on Friday from the previous session despite the overnight gains on Wall Street, as worries about the outlook for tech companies weighed on the markets. Tech giant Apple's suppliers in the Asian region are notably lower.

Investors also remained cautious due to the surging coronavirus cases in the U.S. and Europe and as they looked ahead to the upcoming U.S. presidential election.

The Australian market drifted lower after a positive start following the overnight gains on Wall Street.

The benchmark S&P/ASX 200 Index is declining 10.50 points or 0.18 percent to 5,949.80, after touching a high of 5,986.60 earlier. The broader All Ordinaries Index is down 14.70 points or 0.24 percent to 6,153.30. Australian stocks closed at a fresh three-week low on Thursday.

Among the major miners, Fortescue Metals is gaining more than 5 percent, Rio Tinto is advancing more than 1 percent and BHP Group is adding 0.3 percent.
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