Asian stock markets are trading mixed on Monday, following the negative cues from Wall Street on Friday, as weak crude oil prices and worries about the global economy due to resurgence of coronavirus cases and fresh lockdown measures in Europe weighed on market sentiment. Asian markets closed mixed on Friday.
The Australian stock market is modestly lower on Monday, giving up some of the gains in the previous two sessions, with the benchmark S&P/ASX 200 below the 7,400 level, following the mostly negative cues from Wall Street on Friday, with weakness in energy, gold mining and travel stocks. The potential of more European countries reinstating full lockdowns is sparking worries the pandemic could once again weigh down the global economy.
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