Investors in Asia are reacting positively to the de-escalation in Russia.
(Photo: E+/Getty Images)
Tokyo The rapid end of the Wagner mercenary uprising in Russia ended the losses on the Asian stock markets on Monday. Japan’s Nikkei 225 index of Japan’s 225 major stocks continued its losses from the previous week at the start of trading, falling 1 percent in the first 10 minutes below Friday’s close. After that, however, he recovered quickly.
At 10:25 a.m. local time, the leading Japanese index was 0.3 percent higher at 32,877 points. South Korea’s Kospi also quickly climbed above the previous day’s level. Singapore’s Straits Times Index started trading an hour later with gains.
The East Asian markets thus surprised positively. The Japanese business newspaper Nikkei forecast on Monday morning that the Nikkei 225 would lose another 200 points after the US stock market crashed at the end of last week. The Nikkei feared that technology stocks in particular would be under pressure.
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