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Asian Markets Mostly Higher

(RTTNews) - Asian stock markets are mostly higher on Thursday with modest gains following the mostly positive cues overnight from Wall Street amid expectations of additional U.S. stimulus from the incoming Biden administration. Investors shrugged off news that the U.S. House has impeached President Donald Trump for a second time.

The Australian market is advancing in volatile trade following the modest gains on Wall Street.

The benchmark S&P/ASX 200 Index is adding 18.80 points or 0.28 percent to 6,705.40, after touching a low of 6,669.30 in early trades. The broader All Ordinaries Index is higher by 18.30 points or 0.26 percent to 6,972.20. Australian shares fluctuated before closing slightly higher on Wednesday.

Tech stocks are rising after three days of losses. Afterpay is gaining more than 7 percent, WiseTech Global is higher by more than 3 percent and Appen is advancing almost 1 percent.

In the banking sector, Westpac is rising almost 2 percent, ANZ Banking is adding almost 1 percent and National Australia Bank is up 0.6 percent, while Commonwealth Bank is edging lower by 0.1 percent.
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