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Asian shares rise as Ukraine fears ease

Published on Jul 22, 2014 10:38 AM
 
An employee of a foreign exchange trading company in Tokyo walks past a monitor showing Ukrainian President Petro Poroshenko. Asian markets picked up on Tuesday with traders welcoming news that pro-Russian rebels had handed over the black boxes from downed flight MH17, helping to ease geopolitical concerns. -- PHOTO: REUTERS

HONG KONG (AFP) - Asian markets picked up Tuesday with traders welcoming news that pro-Russian rebels had handed over the black boxes from downed flight MH17, helping to ease geopolitical concerns.

While Wall Street started the week on a low, Japan's Nikkei led the gainers as it reopened after a long weekend, with exporters supported by a weaker yen.

Tokyo rose 1.03 per cent, Hong Kong added 0.69 per cent and Sydney edged up marginally, while Shanghai added 0.19 per cent and Seoul was 0.19 per cent higher.

The crash of the Malaysia Airlines jet on Thursday in Ukraine fanned fears that a regional crisis could become an international one, with Western governments saying it was shot down by pro-Russian separatists.

 
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