Asian shares surge as Russia-Ukraine talks buoy sentiment


BEIJING: Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned the rally could be susceptible to a sharp reversal as risks remain.

Oil prices also regained some footing, having fallen more than 12% on the previous session as United Arab Emirates pledged to support hiking oil output to ease mayhem in energy markets.

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!
Asia , equities , commodities , trading

Next In Business News

Matrix Concepts registers RM416.7mil in new property sales in 1Q
PETRONAS Dagangan's 2Q net profit rises to RM387.21mil on better margins, declares 25c div/share
New project launches boost E&O's performance in 1Q
T7 Global records stronger 1H contributions from energy, industrial solutions segments
Malaysia's leading index rises 1.3% in June
Matrade raises Mihas 2026 sales target to RM5bil
Oil falls as US prepares to unveil new Iran sanctions
Sidec’s Selangor Triple Accelerator Programme showcases 90 startups
Shares dither, oil slips in wait for US details of Iran sanctions
Khazanah seeks more startups to scale via Dana Impak after SkyeChip success

Others Also Read