HONG KONG–Asian shares mostly rose Monday but gains were capped by the latest tensions between Russia and Ukraine, despite some progress cited in the “difficult” negotiations between the two sides.
Also weighing on sentiment was a report showing China’s foreign direct investment slumped to a two-year low, adding to a series of downbeat data about the world’s second-largest economy.
But bargain hunting pushed Shanghai higher, rising 0.57 percent, or 12.74 points, to an eight-month closing high of 2,239.47. Hong Kong ended flat, edging up 0.52 points to 24,955.46.
Sydney gained 0.37 percent, or 20.6 points, to 5,587.1, but Seoul lost …read more
Source: The Philippine Daily Inquirer
