Asian equities traded mainly higher on Friday following a strong lead from the American session as traders continued to speculate over a massive tax reform being passed in the upcoming days, while keeping an eye on incoming economic data.  

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Asian equity markets traded without a unified direction on Thursday, with some indexes recovering from previous session losses, while investors awaited fresh developments concerning the long-awaited tax reform in the United States and prepared for labor data.  

Equity indexes in Asia were mainly lower in late hours on Wednesday, as investors’ sentiment was affected by a weak close on Wall Street and as Australia missed its Q3 GDP estimation.

On Tuesday, European stocks are experiencing a strong sell-off, amid background of sales in high-tech sectors, as well as a weakening of the oil market.

European equity indices began a week with steady growth as the market played out news on progress with regard to tax reform.

Asian equity indexes were mixed on Tuesday, following Australia's central bank decision to keep interest rates steady, meeting analysts’ expectations.

US indices opened positively on Monday after the US Senate passed its version of the tax revision bill, bringing to reality the promise of President Donald Trump to cut corporate taxes to stimulate economic growth in the US economy.

European currency gains marked the past trading week.

Asia markets were mixed on Monday, following a strong lead from Wall Street last week as market players looked ahead to fresh economic data, while keeping an eye on the political agenda and especially, on the Republican-backed tax reform bill.