Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday. Despite worries about the spread of the delta variant of the coronavirus across the world, traders seem cautiously optimistic on positive economic cues for the global economic recovery from the pandemic. Asian markets closed lower on Friday.
The Australian stock market is significantly higher on Monday, recouping most of the losses of the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,300 level, following the broadly positive cues from Wall Street on Friday. The markets are boosts by materials, gold miners, financial, energy and energy firms.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com