Most Asian markets rise as traders track Ukraine crisis

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Asian markets mostly rose Monday after last week’s rally while oil prices extended gains, with investors keeping tabs on the Ukraine war as Turkey said Kyiv and Moscow were edging towards a ceasefire agreement.

Confidence remains at a premium owing to the crisis in eastern Europe — which threatens to deal a hefty blow to the global economy — as well as central bank monetary tightening measures.

Traders struggled to maintain the buying enthusiasm seen last week that was fuelled by bargain-buying and China’s pledge to support beaten-down markets and indicated a crackdown on the tech sector was nearing an end.—AFP

 

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