Japan and Hong Kong led a jump in regional stocks on Thursday, joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky.
A man wearing a protective mask, amid the coronavirus disease outbreak, walks past an electronic board displaying various countries' stock indexes including Russian Trading System Index which is empty, outside a brokerage in TokyoTOKYO - Hong Kong led strong gains in Asian stock markets on Thursday, buoyed by signs of progress in peace talks between Russia and Ukraine and by expectations of more support for China's wobbly economy.
The dollar, though, remained on the back foot and oil stabilized well south of recent multi-year highs amid signs of material progress in talks between Russia and Ukraine to end a three-week-old invasion that Moscow says is a "special military operation" to demilitarize its neighbour. Glimmers of progress in Russia-Ukraine peace talks had already boosted market sentiment, along with the positive comments from Chinese officials, Nugent said.
The dollar index, which tracks the currency against six major peers, was slightly weaker at 98.476 after declining 0.47% on Wednesday.
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