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Asian shares surge as Russia-Ukraine talks guide sentiment, oil prices fall

Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia-Ukraine buoyed sentiment, but analysts warned the rally could be susceptible to sharp reversal

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Asian shares; Illustration: Ajay Mohanty

Reuters Beijing
Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned the rally could be susceptible to a sharp reversal as risks remain.
 
Oil prices also regained some footing, having fallen more than 12% on the previous session as United Arab Emirates pledged to support hiking oil output to ease mayhem in energy markets.
 
MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.6% in early trade. Japan's Nikkei surged 3.4% while Australian shares were up 1%.
 
Chinese blue chips rose 1.96% while Hong Kong's Hang Seng index rallied

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)