Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, boosted by technology stocks which mirrored their peers on the tech-heavy Nasdaq, with the gains capped by a spike in crude oil prices that renewed inflation concerns. Market sentiment also improved after Qatar renewed efforts to bring the U.S. and Iran back for peace talks. Asian markets ended mixed on Thursday.

Traders now await U.S. moves after Iran and Oman reached an agreement to create a temporary maritime corridor in the Strait of Hormuz.