Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautious about the developments in the Middle East as US President Donald trump said he may join Saudi Arabia in retaliating against Iran-backed Houthis in Yemen following another deadly attack on Riyadh’s international airport and tanker attacks near the Strait of Hormuz over the weekend. Asian markets closed mostly higher on Friday.
Crude oil supply concerns and inflationary risks could ease on hopes that Russian diesel can ease global fuel shortages, following an “energy ceasefire” agreed by Russia and Ukraine with effect immediately.
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Asian Markets Trade Mixed
2026-10-12 03:31:40
