Asian shares rise as investors assess Ukraine war | Sunday Observer

Asian shares rise as investors assess Ukraine war

27 February, 2022

Asian shares have edged higher on Friday, driven by a US rebound as more sanctions were announced against Russia for its actions in Ukraine.

US President Joe Biden hit Russia with a wave of new measures, impeding its ability to do business in the world’s major currencies.

Tokyo’s Nikkei 225 index opened 0.9% higher, while other indexes were also in the green.

Oil prices also lowered after earlier surging past $100 (£74) a barrel.

South Korea’s Kospi jumped 1.6% and the S&P/ASX 200 in Sydney was up 0.3% on Friday.

Global share prices briefly plunged on Thursday after Russian President Vladimir Putin declared a “special military operation” in Ukraine’s Donbas region.

Wall Street indexes traded in the red, but rebounded in late trading after Biden’s unveiling of new sanctions. - BBC

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