Wall Street stocks rebounded from deep losses Thursday as investors assessed western sanctions on Russia after its forces pushed closer to Kyiv. Crude oil and gold prices retreated from intraday hi.
A rebound in global markets that began in New York extended into the Asian day, with traders betting on equity and currency markets linked to commodities, while others bought assets deemed to have been oversold.
The MSCI Asia-Pacific Index of shares rose about 1 percent after dropping 3.1 percent the day before.
That came after the S&P 500 closed 1.5 percent higher in New York, while the Cboe Volatility Index fell from a one-month high.
Benchmark Treasury 10-year yields slipped by about 3 basis points after a similar move on Thursday.
Strategists and fund managers are favoring equities and currencies linked to commodities such
Wall Street stocks extended a four-day decline as the situation in Ukraine worsened after the US ramped up sanctions against Russia. Asia-Pacific markets look set to open lower amid rising geopolit.
Singapore News - Russia's recognition of and ordering of troops into two separatist regions in Ukraine has led Western governments to retaliate with sanctions on the likes of those in Russia's defence, banking and financial sector.