Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday and as traders remain cautious amid worries about the economic impact of the ongoing Russian invasion of Ukraine and reports of related increasing sanctions on Russia by western countries. Sinking crude oil prices also impacted market sentiment. Asian markets closed mixed on Friday.
The Australian stock market is modestly higher on Monday, recouping the losses in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,500 level, following the broadly positive cues from Wall Street on Friday, with gains in materials and gold mining stocks, partially offset by weakness in technology stocks.
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