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
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