Asian stocks rise as Ukraine peace talks appear to progress

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Asian stocks rise as Ukraine peace talks appear to progress
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Asian stock markets followed Wall Street higher on Wednesday as talks on ending Russia's war on Ukraine appeared to make progress.

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Shanghai, Hong Kong and Sydney advanced, while Tokyo declined. Oil prices advanced less than US$1 per barrel.

The Shanghai Composite Index rose 1.3% to 3,245.22, rebounding from the previous day's loss after Shanghai, China's most populous city, closed most businesses to fight coronavirus outbreaks. At the meeting in Turkey, Ukraine’s delegation laid out a framework under which the country would declare itself neutral and its security would be guaranteed by an array of other nations.

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