Asian stock markets are trading mostly higher in thin-holiday trading on Monday, following the broadly positive cues from global markets on Friday, with most markets closed for the Lunar New Year holidays, as some traders looked to pick up stocks at relatively reduced levels following recent weakness. Optimism about Chinese economy after reopening helped as well. Asian markets closed mostly higher on Friday.
The Australian stock market is slightly higher on Monday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying below the 7,500 level at nine-month highs, following the broadly positive cues from global markets on Friday, with technology stocks pushing the market higher.
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