Asian stock markets are trading mostly lower on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautious and remained reluctant to pick up stocks amid a lack of significant triggers. The US dollar also strengthened against major currencies in the region, with the Japanese yen falling to 34-year lows. Asian markets closed mostly lower on Friday.
The Australian stock market is currently trading significantly lower on Monday, giving up the gains in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 is staying below the 7,800.00 level, with weakness in mining and energy stocks partially offset by gains in technology stocks.
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