Market seen opening lower. Asian markets were trading mixed.

Asian stock markets were trading mixed on Monday as the call from world leaders for Greece to remain in the euro zone and for the Europe to balance austerity with growth helped to ease investor worries. Key benchmark indices in China, Hong Kong, Indonesia and Singapore were down by 0.26% to 1.41%. Key benchmark indices in Japan, Taiwan and South Korea were up by 0.26% to 0.63%.

The G-8 leaders on Saturday affirmed they want Greece to remain in the euro zone, while Chinese Premier Wen Jiabao raised hopes of further policy easing. At a summit of the Group of Eight major economies, leaders failed to reach an agreement on how to calm the escalating economic crisis in Europe, though the meeting's final statement did affirm that leaders wanted Greece to remain in the euro zone. Also in the joint statement, leaders said that they would take steps to boost their economies.

US stocks declined on Friday, 18 May 2012 amid continuing concerns over the eurozone and a shaky Nasdaq debut of social networking website Facebook. The Dow Jones Industrial Average lost 73.11 points, or 0.59%, to 12,369.38. The Standard & Poor's 500 was down 9.64 points, or 0.74%, to 1,295.22. The Nasdaq Composite index lost 34.90 points, or 1.24%, to 2,778.79.