Asian stocks close higher as NY rebounds despite Ukraine situation

Asian stocks closed mostly higher on Friday (25), as Wall Street rallied surprisingly in yesterday afternoon’s business, after initially reacting in a sharp drop to the invasion of Ukraine by Russian forces.

Japan’s Nikkei index rose 1.95% in Tokyo to 26,476.50 points, while South Korea’s Kospi rose 1.06% in Seoul to 2,676.76 points and Taiex gained 0.33% in Taiwan. , at 17,652.18 points.

In mainland China, the Shanghai Composite was up 0.63% to 3,451.41 points, and the less comprehensive Shenzhen Composite gained 1.21% to 2,310.07 points.

Exception, the Hang Seng fell 0.59% in Hong Kong, to 22,767.18 points.

The dominance of risk appetite in Asia came after yesterday’s hefty losses, when Russia launched multiple attacks in Ukraine and New York stock markets wowed the market and ended trading in the black.

In Oceania, the Australian stock market rose slightly this Friday, after suffering its biggest single-day drop since September 2020, of almost 3%. The S&P/ASX 200 gained 0.10% in Sydney at 6,997.80 points.

Source: CNN Brasil

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