Asian stock markets are mostly lower on Monday following mixed cues from Wall Street on Friday, with only the tech-heavy Nasdaq moving higher. Technology and oil stocks are offering some support, while investors continue to be concerned about a recent surge in global bond yields and the prospects of a global economic recovers. Asian markets closed mostly lower on Friday.
The Australian stock market is higher on Monday, shrugging off early losses, with the benchmark S&P/ASX 200 bouncing back from three-week lows to stay above the 6,700 level, as weakness in materials and financials were more than offset by gains energy and technology stocks.
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