Reflecting the mixed cues from Wall Street on Friday, Asian stock markets are mixed in slim holiday trading on Monday, as traders react to the US narrowly avoiding a government shutdown amid a last minute temporary agreement reached by the legislators. Concerns about high interest rates and global economic slowdown rendered the mood cautious, prompting traders to lighten commitments. Asian markets closed mostly higher on Friday.
Reversing the gains in the previous session, the Australian stock market is slightly lower on Monday, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the mixed cues from Wall Street on Friday, with weakness in energy and financial stocks nearly offset by gains in mining and technology stocks.
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