Asian equity benchmarks traded in green in early deals on Thursday, cheered with the positive trend in global indices amidst optimism over ongoing talks to diffuse the Russia-Ukraine crisis. Additionally, technical buying after previous sessional loss also led to the bounce. Meanwhile, US bond yields jumped higher, crude oil rates peaked to eleven-year high level and Federal Reserve reaffirmed raising of interest rates this month, fuelling risk appetite in the market. Japanese shares rebounded from previous session’s loss on escalation of Russia-Ukraine crisis. As per reports, the services sector in Japan continued to contract in February, with a services PMI score of 44.2, down from 47.6 in January.
Nikkei 225 up by 175.84 points or 0.67% to 26,568.87, Hang Seng rose by 109.58 points or 0.49% to 22,453.50, Straight times lifted by 18.18 points or 0.56% to 22,453.50, Taiwan Weighted buoyed by 71.98 points or 0.40% to 17,939.58, KOSPI supported by 37.48 points or 1.39% to 2,741.00, Shanghai Composite climbed by 3.35 points or 0.10% to 3,487.54, and FTSE Bursa Malaysia KLCI jumped by 10.81 points or 0.68% to 1,608.91.
