Shares advanced in most Asian markets on Friday after Wall Street extended a rally into a third day and oil prices pushed past US$105 per barrel.
Ukrainian President Volodymyr Zelensky called for more help for his country after days of bombardment of civilian sites in multiple cities over the past few days.
Wrapping up a two-day meeting, the Bank of Japan opted to keep its monetary policy unchanged, with its benchmark interest rate at minus 0.1%. Japan's central bank has been keeping interest rates ultra low and pumping tens of billions of dollars into the world's third largest economy for years, trying to spur faster growth.
Big swings in markets have become the norm as investors struggle to handicap what will happen to the economy and the world’s already high inflation because of Russia’s invasion of Ukraine, higher interest rates from central banks around the world and renewed COVID-19 worries in various hotspots. Brent crude, the international standard, added $2.68 to $109.32 per barrel in London. It leaped 8.8% to settle at $106.64 per barrel.
Asked about the reports India was buying oil from Russia at a discounted price, India’s External Affairs Ministry spokesman Arindam Bagchi did not directly confirm or deny them.
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