Asian markets pare losses, oil drops on Biden-Putin hope


HONG KONG (AFP): Equities pared losses and oil prices sank Monday after presidents Joe Biden and Vladimir Putin agreed in principle to hold a summit to try to find a way out of the Ukraine crisis.

Warnings from US officials that Russia could invade its neighbour imminently have sent markets spiralling in the past week and sent crude surging towards US$100 a barrel as traders fret over already tight supplies.

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Asian , equities , Feb 21 , opening

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