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Asian markets end mostly higher on Monday

28 Feb 2022 Evaluate

Asian markets ended mostly higher on Monday as optimism over talks between Russia and Ukraine outweighed concerns over banning Russia from the Swift financial system. The EU, Britain and the U.S. are freezing the Russian central bank's assets, meaning they can't be deployed to intervene in currency markets. The Russian currency fell nearly 30 percent against the U.S. dollar after President Putin put Russian nuclear forces on high alert in an effort to deter NATO supplies from being sent into Ukraine. Japanese stocks fluctuated before ending slightly higher amid hopes that the planned talks between Russia and Ukraine at the Belarusian-Ukrainian border could lead to a ceasefire. Taiwan and Indonesia markets were closed for Peace Day and Isra Mikraj.

Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,462.31

10.90

0.32

Hang Seng

22,713.02

-54.16

-0.24

Jakarta Composite

--

--

--

KLSE Composite

1,608.28

16.56

1.04

Nikkei 225

26,526.82

50.32

0.19

Straits Times

3,242.24

-52.23

-1.59

KOSPI Composite

2,699.18

22.42

0.24

Taiwan Weighted

--

--

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