Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Monday, following the mixed cues from Wall Street on Friday, as the failure of peace negotiations between the warring factions in the Middle East over the weekend raised concerns about whether the fragile ceasefire will hold. Asian markets closed mixed on Friday.

Talks failed over Iran’s refusal to halt efforts to develop nuclear weapons, while Tehran reportedly demanded control of the Strait of Hormuz, war reparations, and the release of frozen assets.