Asian markets are trading lower following negative cues from Wall Street, with mixed performances overall.

From Nasdaq.: 2025-02-23 22:27:34

Asian stock markets are trading lower on Monday due to negative cues from Wall Street, with U.S. consumer sentiment deteriorating more than expected in February. President Trump’s comments hint at a possible trade deal with China. Australian stocks are slightly higher after a five-session losing streak, with financial stocks offsetting losses elsewhere. Mining and tech stocks are down, while energy stocks are mixed. Gold miners and WiseTech Global are tumbling, while big four banks are gaining. Shares in NIB Holdings are up, Iress is down, and APA Group is surging. Nuix and Reece are plunging. In the currency market, the Aussie dollar is trading at $0.639. The Japanese market is closed on Monday. Other Asian markets are mostly lower, while Wall Street ended lower on Friday. European markets had a mixed performance. Crude oil prices fell sharply to a two-month low on concerns over demand and rising inventories.



Read more at Nasdaq.: Asian Markets Track Wall Street Lower