Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as upbeat consumer price inflation and consumer sentiment data from the U.S. raised hopes the US Fed will slow its pace of interest rate-hike trajectory in the coming months. Asian markets closed mostly higher on Friday.
The Australian stock market is significantly higher on Monday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 moving to just below the 7,400 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by technology stocks and gold miners gold prices spiked.
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