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Asian stock markets trade mixed; Yuan steady

Asian equity markets were trading mixed on Monday following two weeks of losses driven by a backdrop of uncertain trade conditions and signs that some key economies are slowing.

Meanwhile, Japanese bonds are in focus as a recent slide in yield threatens to push the benchmark 10-year bond yield below zero percent.

Nikkei 225 rose 0.45% while the Topix index saw gains of 0.11%. Shares of conglomerate Softbank recovered from their earlier losses to trade up by about 1% ahead of the anticipated public listing of its mobile unit on December 19. Hang Seng index is slightly up, while Australia's ASX 200 was trading near flat.

On Friday, the S&P 500 lost 1.91% to 2,599.95, marking its lowest close since April 2.

US West Texas Intermediate (WTI) crude futures changed hands at $51.35 per barrel, up 0.3%, after a loss of 2.7% last week.

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