Asian Markets Track Wall Street Higher

Asian markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, amid optimism over the outlook for interest rates even amid concerns about global inflation risks after a report showed weaker than expected US private sector job growth. Some traders also looked to pick up stocks at a bargain following the recent market slump. Asian markets closed mostly lower on Wednesday.

Meanwhile, US President Donald Trump said renewed US attacks on Iran would likely be short-lived, helping ease concerns over a prolonged Middle East conflict, while lower oil prices provided some relief over global inflation and energy-cost pressures.