Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, as traders react to the smaller than expected size of China's fresh stimulus measures and the release of weak inflation data over the weekend that spurred new concerns over the recovery in the world's second-largest economy. Hong Kong market plunges almost 3 percent. Asian markets closed mixed on Friday.
The Australian stock market is trading notably lower on Monday, reversing some of the gains in the previous three sessions, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,300.00 level, with weakness in iron ore miners and energy stocks amid tumbling prices of underlying commodities, partially offset by gains in gold miners and technology stocks.
For comments and feedback: editorial@rttnews.com