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Major stocks traded higher on Thursday as following the earlier session on Wall Street. The Dow Jones Industrial Average closed the session 260.37 points higher at 23,138.82 and the S&P 500 climbed 0.86 percent to 2,488.83. Meanwhile, the Nasdaq Composite rose 0.4 percent to end the trading day at 6,579.49.

The Dow Jones Industrial fell 611 points during its low of the day while the Nasdaq and S&P 500 both dropped 3.3 percent and 2.8 percent, respectively. The major indexes started to surge after 2 p.m. when usually they hit their lows during a trading session.

On Friday, most shares in Asia traded higher while the Japanese shares lagged behind their overall optimistic trend. In Greater China, the Shenzhen Composite and the Shanghai Composite both traded flat. After a while, the Shanghai Composite experienced gains by 0.15 percent. The Hang Seng index of Hong Kong saw fractional growth.

In Australia, the ASX 200 climbed 0.5 percent along with other sectors mixed. Shares of Big Four banks experienced gains like National Australia Bank rose 2.36 percent, Westpac advanced 1.88 percent, Australia and New Zealand Banking Group gains 1.86 percent, and Commonwealth Bank of Australia climbed up by 1.88 percent.

Over in South Korea, the Kospi traded higher by 0.7 percent. However, the Nikkei 225 and the Topix index of Japan struggled for gains as both slipped about 0.36 percent after experiencing gains in the earlier two sessions. Fast Retailing shares dropped 1.3 percent after removing their previous gains.

The U.S. dollar index that marks the greenback against its major peers traded at 96.369 after experiencing a low of 96.317. The Australian dollar traded at $0.7047 after seeing highs around $0.707 and the Japanese yen was at 110.59 against the dollar after seeing lows about 111.3.