Asia trades higher as Ukraine tensions ease
Equities in Asia-Pacific traded higher on Wednesday after Russia announced it will return some troops from its border with Ukraine to base, easing investors’ worries about an invasion that could send ripples across the markets starting with a surge in oil and European gas prices.
Hong Kong’s Hang Seng went up by 1.19% at 4:26 am CET, as South Korea’s Kospi Composite added 1.65% and Japan’s Nikkei 225 increased by 2.10%. The dollar stood 0.06% higher against the yen, going for ¥115.6965 at 4:27 am CET, as the Australian S&P 200 added 0.74%.
In mainland China, the Shanghai Composite increased by 0.70% higher at 4:27 am CET, with the Shenzhen Composite up by 0.60% a minute later.
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