Asian Stock Market: Drifts lower amid firmer oil, little progress in Ukraine-Russia talks

While portraying the mood, the MSCI’s index of Asia-Pacific shares outside Japan drops around 1.0% whereas Japan’s Nikkei 225 remains near a 16-month low, down 1.25% intraday heading into Tuesday’s European session.rise 1.10% to $118.00 by the press time, following the week-start run-up to the levels last seen during 2008.Headlines from Reuters indicate no major progress in the peace talks between Ukraine and Russia even as the human corridor is up for a restart.

Chatters of expected easing in China inflation figures during the next month seem to have failed to recall the bulls as stock in Beijing and Hong Kong are mostly down. On a broad front, the US 10-year Treasury yields extend the previous day’s rebound from two-month to 1.80%, up five basis points at the latest, whereas S&P 500 Futures print mild gains at the latest.

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