Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the broadly negative cues from Wall Street on Friday, amid easing concerns about the potential for an increase in interest rates after data from the US showed a significant deterioration in U.S. consumer sentiment in August and an unexpected decline in U.S. retail sales in July. Asian markets closed mixed on Friday.

However, traders may be becoming increasingly worried about the outlook for global inflation and economic growth amid persistently high crude oil prices. The U.S. and Iran continue to spar on their demands, leaving the Strait of Hormuz shut for shipping traffic.