While most Asian stock market indices were trading higher on Monday (18 July), the Shanghai Composite Index was trading lower by 0.06% at 3,052.50 as of 6.24am GMT, as investors unwound their safe-haven positions and heaved a sigh of relief over the failed military coup attempt in Turkey.

Barring China, most Asian market gain as attempts of a military coup in Turkey fail
Barring China, Asian stock market indices gain on 18 July Reuters
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"The weekend brought clarity as the military attempt to wrestle power was thwarted and some semblance of normality has returned to the Bosporus. Given that sentiment is extremely fragile post-Brexit, geopolitical events of this nature expose market investors to short-term overreaction effects," Stephen Innes, a senior trader at OANDA, was quoted as saying by CNBC.

Analyst Angus Nicholson added: "Asian markets do not seem to have been overly perturbed by the S&P 500's negative close or news of the Turkish coup...this week will decide whether this will be a minor blip on the path higher [for markets] or whether this rally will reverse sharply."

Indices in the rest of Asia traded as follows on 18 July at 6.39am GMT:

CountryIndexPriceUp/Down%Change
Hong KongHang Seng Index21,751.85UP0.43%
JapanNikkei 225 (Holiday - Marine Day)
South KoreaKOSPI2,021.11UP0.19%
IndiaCNX Nifty8,578.00UP0.43%
AustraliaS&P/ASX 2005,458.50UP0.53%

Last week (15 July), the Dow Jones Industrial Average closed at 18,516.55, up 0.05%, while the FTSE 100 closed at 6,669.24, up 0.22%

Among commodities, oil prices were trading mixed. While WTI crude oil was trading lower by 0.20% at $45.86 (£34.69, €41.47) a barrel, Brent crude was trading 0.04% higher at $47.63 a barrel as of 6.46am GMT.