Asian stock markets are trading mixed on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautiously optimistic on bets the US Fed will likely cut interest rates in September after Fed officials forecast just one rate cut this year. Japanese market is falling almost 2 percent. Asian markets closed mixed on Friday.
The Australian stock market is currently trading slightly lower on Monday, extending the losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 7,700.00 level, with weakness in iron miners and technology stocks nearly offset by gains in gold miners.
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