Asian stock markets are trading mixed on Monday, following the mixed cues from Wall Street on Friday, reacting to sinking crude oil prices, disappointing U.S. monthly jobs data and uncertainty about the pace of global economic recovery amid continued surge in coronavirus cases. Asian markets closed mixed on Friday.
The U.S. Labor Department's report suggests that the delta variant of the coronavirus is weighing on the labor market, although the data could also lead the Federal Reserve to push back its plans to begin scaling back stimulus.
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