Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautious and assess the impact of the banking sector turmoil in the US and Europe. The head of the International Monetary Fund warned of increased risks to financial stability. Asian markets closed mostly lower Friday.
The Australian stock market is slightly higher on Monday, recouping the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying below the 7,000 mark, following the broadly positive cues from Wall Street on Friday, with gains in gold miners and technology stocks partially offset by losses in energy stocks.
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