The mood on the Asian stock exchanges was slightly more positive on Friday morning.
(Photo: dpa)
Tokyo Hopes for a summit meeting between US President Joe Biden and Russian President Vladimir Putin eased the pressure on Asian stock markets on Monday morning. Japan’s Nikkei 225 index was down 2.1 percent at the start of trading on fears of an invasion, but later recovered some of the losses. By the lunch break, the index was still 0.6 percent down at 26,943 points.
Kiyohide Nagata, chief strategist at Tokai Tokyo Research Center, stated, “There is a strong sentiment among investors that (both the US and Russia) will come to terms.”
Investors reacted similarly in other markets. After a first slide, the Korean Kospi index was trading at 2729 points around midday, just 0.55 percent below Friday’s close. Australia’s S&P/ASX200 Index and Singapore’s Straits Times Index were even up at times.
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