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Asian shares track Wall Street rally; markets eye long-term Ukraine risk

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.68%, while Japan's Nikkei was trading up 1.53% and Hong Kong's Hang Seng index added 0.16%. Australian shares added 0.3%, driven by a rebound in tech stocks.

February 25, 2022 / 08:34 AM IST

Asian shares regained ground on Friday, following Wall Street's overnight lead as U.S. President Joe Biden hit back at Russia with harsh sanctions after it unleashed troops, tanks and missiles on Ukraine.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.68%, while Japan's Nikkei was trading up 1.53% and Hong Kong's Hang Seng index added 0.16%. Australian shares added 0.3%, driven by a rebound in tech stocks.

Investors rediscovered their risk appetite overnight after some initial sharp losses, with major U.S. indices posting gains on Wall Street on Thursday, lead by tech stocks.

However, U.S. share futures slipped in early Asian trade, with S&P500 e-mini futures losing 0.61% and Nasdaq futures down 0.92%.