Asian stock markets are mostly higher on Monday, following the broadly positive cues from global markets on Friday, as markets continued to recover from recent sell-off sparked by concerns about the world's largest economy slipping into a recession. Traders may also be reluctant to make more significant ahead of key US inflation data later in the week. Asian markets closed mostly higher on Friday.
The Australian stock market is trading notably higher on Monday, adding to the gains in the previous session, following the broadly positive cues from global markets on Friday. The benchmark S&P/ASX 200 index is moving above the 7,800.00 level, with gains across most sectors led by technology and financial stocks.
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