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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Asian , equities , Feb 21 , opening

Next In Aseanplus News

F1: Anwar meets Singapore GP executive director, discusses best practices
Bangladesh ex-PM Hasina says ban on her party should be lifted
Meta apologises to India for restricting PM Modi's post
Welfare of Ampang residents remains a priority, says PM's polsec
Indonesia's Mount Bromo wildfire in Probolinggo prompts partial tourist area closure
17 people injured as Delhi-bound Thailand-India flight hits turbulence
Former Singapore TV reporter in remand for five months over alleged criminal trespass and other charges
Should China aim for the lead in making AI rules for the world?
Drug trafficking: Three M'sian women nabbed in Jakarta in separate case, says NCID chief
Asean News Headlines at 10pm on Wednesday (Aug 5, 2026)

Others Also Read