Asian stocks rally as fears ease over Ukraine, Fed and China

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Japan and Hong Kong led a jump in regional stocks on Thursday, joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky.

A man wearing a protective mask, amid the coronavirus disease outbreak, walks past an electronic board displaying various countries' stock indexes including Russian Trading System Index which is empty, outside a brokerage in TokyoTOKYO - Hong Kong led strong gains in Asian stock markets on Thursday, buoyed by signs of progress in peace talks between Russia and Ukraine and by expectations of more support for China's wobbly economy.

The dollar, though, remained on the back foot and oil stabilized well south of recent multi-year highs amid signs of material progress in talks between Russia and Ukraine to end a three-week-old invasion that Moscow says is a "special military operation" to demilitarize its neighbour. Glimmers of progress in Russia-Ukraine peace talks had already boosted market sentiment, along with the positive comments from Chinese officials, Nugent said.

The dollar index, which tracks the currency against six major peers, was slightly weaker at 98.476 after declining 0.47% on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China stocks lead Asian markets mostly lower, while oil prices fall under $100 a barrelStocks were mostly lower in Asia and oil prices fell Tuesday after another day of losses on Wall Street as anxiety over the war in Ukraine and an upcoming... Chinese investors are paying for russia-urkraine😂
Source: MarketWatch - 🏆 3. / 97 Read more »