[ad_1]
By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , was trading 1.22% higher at 8:55 am on Wednesday, amid positive global cues and signs of Ukraine war de-escalating , indicating Dalal Street to have a gap-up opening. At the same time, the dropped 0.13%.
Major indices on Wall Street jumped and ended higher for the fourth session on Tuesday, as peace talks between Russia and Ukraine showed signs of progress. As a result, tech and communications stocks surged.
Negotiations between the two reached common grounds, as Russia agreed to cut down military operations surrounding Kyiv and northern Ukraine, while Ukraine proposed to adopt a neutral status.
ended 1.84% higher, gained 1.23%, and added 0.97% on Tuesday.
Moreover, oil prices fell 2%, as peace-talks progressed, while commodity prices also inched lower, instilling positive investor sentiments around rising inflationary pressures, though the US Fed’s interest rate hike is still expected to rise aggressively.
Stocks across the Asian markets opened Wednesday on a positive note, tracking an overnight rise on Wall Street, amid progress in peace talks between Russia and Ukraine and oil falling almost 2% on Tuesday.
However, Japanese equities did not join the rally as observers pointed to profit taking heading into the end of the fiscal year. Nikkei slid 1.27% at the time of writing.
At 8:35 am, South Korea’s gained 0.25%, Hong Kong’s surged 0.85%, China’s rose 0.68%, and MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.9%.
[ad_2]
Source link
