Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as traders reacted to US data showing much stronger than expected job growth in March that pointed to a robust economy. They also remain cautious ahead of the monetary policy decisions from central banks in the region, including New Zealand and South Korea. Asian markets closed mostly lower on Friday.
The markets also await reports on consumer and producer price inflation for the month of March from the U.S later in the week.
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