Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, amid easing concerns about an imminent interest-rate hike by the US Fed after reported showed an unexpectedly modest decrease in U.S. employment in the month of July. Meanwhile, uncertainty continues over the timing of the opening of the Strait of Hormuz. Asian markets closed mixed on Friday.

Iran and Oman remain short of a final deal as Tehran demanded major concessions before reopening the critical waterway.