Asian Markets Trade Mixed

Asian markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious amid the resurgence of Middle East tensions and the resulting recent spike in crude oil prices, fueling inflation concerns. Fairly tame US consumer price data eased concerns about the outlook for interest rates as inflation rose in line with estimates. Asian markets closed mixed on Wednesday.

Intermediaries are sparing no efforts to revive the stalled U.S.-Iran peace talks. Pakistan announced initiating efforts to bring the U.S. and Iran back to the negotiating table.