Asian Shares Advance on Ukraine as Won Strengthens - Bloomberg

Asian Shares Advance on Ukraine as Won Strengthens - Bloomberg:



"Asian stocks (SHCOMP) climbed, with the Topix index set for its biggest weekly advance this month, amid easing tension in Ukraine. South Korea’s won rose, while credit risk in Japan fell and rubber dropped to the lowest since 2012.



The MSCI Asia Pacific Index added 0.3 percent to 139.10 at 3:20 p.m. in Tokyo as the Topix rose 0.6 percent. South Korea’s Kospi Index increased 0.6 percent. The won appreciated 0.1 percent while the yen was little changed. Rubber futures declined 3.9 percent in Tokyo. Financial markets in the U.S., U.K., Germany, Hong Kong, Singapore, Australia and New Zealand are among those that are closed for a holiday.



Four-way talks on the crisis in Ukraine ended with an accord aimed at taking the first steps toward de-escalating the conflict after President Vladimir Putin said he hopes he won’t have to send in troops. New home prices in China rose in 56 of 70 cities last month, statistics bureau data showed. U.S. jobless claims increased less than forecast yesterday, signaling the world’s largest economy is holding up and adding to speculation the Federal Reserve will pare stimulus this year."



'via Blog this'