Authorization

Asian Markets Trading Mostly Higher

(RTTNews) - Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders are picking up stocks at a bargain after the recent virus-infused heavy sell-off. Traders also reacted positively to reports that the new coronavirus variant would be milder than initially dreaded, even as they await more details to assess the likely impact of the variant on the global economy recovery. Asian stocks ended mostly lower on Monday.

The Australian stock market is significantly higher on Tuesday, recouping some of the losses in the previous two sessions, with the benchmark S&P/ASX 200 back above the 7,300 level, following the broadly positive cues from Wall Street overnight, as traders picked stocks at a bargain after the virus-induced sell-off. Traders also digested reports that the new coronavirus variant would be milder than initially dreaded.

The benchmark S&P/ASX 200 Index is gaining 65.60 points or 0.91 percent to 7,305.40, after touching a high of 7,332.60 earlier. The broader All Ordinaries Index is up 72.30 points or 0.96 percent to 7,634.80. Australian stocks closed modestly lower on Monday.

Among the major miners, Mineral Resources is adding more than 1 percent, while BHP Group and OZ Minerals are gaining almost 1 percent each. Rio Tinto is edging down 0.2 percent and Fortescue Metals is losing more than 1 percent.

Oil stocks are mixed. Woodside Petroleum is gaining more than 1 percent, while Oil Search and Beach energy are edging up 0.3 percent each. Origin Energy is losing more than 1 percent and Santos is flat.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Май 2022    »
ПнВтСрЧтПтСбВс
 1
2345678
9101112131415
16171819202122
23242526272829
3031