Asian stocks are moving higher on Wednesday, boosting hopes for a diplomatic solution to the Ukraine crisis, despite warnings from US President Joe Biden yesterday that a Russian invasion was possible.
Stock indices in Europe and the US recorded strong gains on Tuesday after Moscow announced that some of its units would withdraw from the Ukrainian border to return to their bases.
At the same time, Russian President Vladimir Putin in his meeting yesterday with German Chancellor Olaf Solz clarified that he does not want a war in the region, giving new impetus to hopes that efforts for dialogue will continue.
Despite progress yesterday, analysts warn that tensions have not been resolved and the situation in the region remains fragile and dangerous.
On the board, the Japanese Nikkei 225 index jumped 2.2% to 27,460.40 points.
In Hong Kong the Hang Seng index gained 1.3%, while in mainland China the Shanghai Composite strengthened by 0.6%.
South Korea’s Kospi gained 2%, while in Australia the S & P / ASX 200 rose 1.1%. Indicators in Taiwan, Indonesia and Singapore are also strengthening.
At the end of the day, the Chinese government announced today that consumer prices rose 0.9% year-on-year in January, following a 1.5% rise in December.
However, the upward pressures remained strong at the gates of the factories, with the producer price index showing an increase of 9.1% compared to the previous year, after 10.3% in December.
Source: Capital
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