Asian stocks rallied on caution supported by planned talks between Russia and U.S. over Ukraine.
The CSI300, KOSPI and SET inched up by 0.48%, 0.02% and 0.09% respectively while HSI and TOPIX inched down by 1.88% and 0.36% respectively.
Europe’s Stoxx 600 Index and U.S. equity futures advanced after Russian Foreign Minister Sergei Lavrov agreed to meet U.S. Secretary of State Antony Blinken for talks in Europe next week.
On Thursday, President Joe Biden warned that the probability of an invasion of Ukraine is still “very high.”
Crude oil fell as traders prices in potential supply increase given deal with Iran is coming to an close. The WTI inched down sharply by 2.45% at $89.54 while Brent is down by 2.38% at $90.76 per barrel.
