Oil drop, Wall St rally cheer Asian markets

By Agence France-Presse

Mar 11, 2022 12:05 am

HONG KONG: Asian equities rose on Thursday after a strong bounce on Wall Street and a breathtaking surge in Europe, sparked by a plunge in oil prices and bargain-buying following a Ukraine-fueled rout.

A glimmer of hope for peace talks provided some much-needed support to asset markets, which have been in the grip of extreme volatility in the two weeks since Russia invaded Ukraine, sparking a wave of sanctions against Moscow.

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