Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, with thin trading as some of the markets in the region are on a holiday. Traders remain optimistic about a permanent end to the Middle East war despite some pricking points on discussions to reach a potential deal to end the war and the opening of the Strait of Hormuz. Asian markets closed mostly higher on Friday.
The Australian stock market is modestly lower on Monday, reversing some of the sharp gains in the previous session, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,750.00 level, with weakness in energy stocks amid tumbling crude oil prices partially offset by gains in technology and mining stocks.
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