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asia-shares-rise-after-us-rebound-amid-sanctions-on-ukraine

Asia shares rise after US rebound amid sanctions on Ukraine

By BizTech Weekly Feb 24, 2022

Japan’s benchmark Nikkei 225 surged 1.4% in morning trading to 26,343.02. Australia’s S&P/ASX 200 gained 0.5% to 7,022.30. South Korea’s Kospi jumped 1.2% to 2,681.19. Hong Kong’s Hang Seng added nearly 0.2%, while Shanghai Composite rose 0.8% to 3,456.39. Japan announced additional sanctions on Russia, freezing assets of Russian groups, banks and individuals. The heaviest losses hit stocks in Europe, where officials called Russia’s actions a “brutal act of war” with the German DAX down 4%. The spot price in Europe for natural gas jumped more than 50%. . . .

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