Asian Markets Track Wall Street Lower
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Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from Wall Street overnight; Australian market is notably lower, with benchmark S&P/ASX 200 falling well below the 7,700 level; Japanese market is modestly higher on Thursday after opening in the red; UK House Prices Fall Most Since Early 2021; Japan posted a current account surplus of 1.533 trillion yen in June; Taiwan is down 1.3 percent, while New Zealand, China, South Korea, and Indonesia are lower by between 0.2 and 0.8 percent each; Wall Street stocks gave back ground over the course of the trading day on Wednesday; crude oil prices rose sharply on Wednesday as data showed a much larger than expected drop in U.S. crude inventories last week.

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