NEW YORK: Asian equities rose as US-Russia talks spurred expectations for an end to the war in Ukraine. Risk sentiment was also stoked by the improving prospects for Chinese markets.
A gauge of equities in the region rose for a second day, with both Japanese and Hong Kong stocks advancing. Markets in Asia looked past the higher-than-expected US inflation figures - which eroded bets on rate cuts - with traders focusing on US President Donald Trump’s Ukraine peace talks with Russia. The CPI data had spurred a Treasuries rout on Wednesday (Feb 12).
