Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, following he broadly positive cues from European markets and lack of cues from Wall Street on Friday, on easing global inflationary pressures amid easing Middle East tensions and hopes the US Fed will not tighten its monetary policy for now. Asian markets closed mostly higher on Friday.

The Australian stock market is slightly lower on Monday, reversing some of the gains in the previous two sessions, following he broadly positive cues from European markets and lack of cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling well below the 8,850.00 level, with weakness in gold miners and financial stocks partially offset by gains in energy and technology stocks.