Markets across Asia make gains
Print Edition
ASIAN markets picked up yesterday with traders welcoming news that pro-Russian rebels had handed over the black boxes from downed flight MH17, helping ease geopolitical concerns.
Hong Kong’s Hang Seng Index rallied 1.69 percent, or 394.97 points, to close at 23,782.11 — its highest level since December — and the Shanghai Composite Index rose 1.02 percent, or 21 points, to 2,075.48.
Tokyo closed up 0.84 percent, or 127.57 points, at 15,343.28, Seoul ended 0.52 percent higher, adding 10.43 points to 2,028.93, and Sydney ended up 0.06 percent to 5,543.3.
The downing of the Malaysia Airlines jet last 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.
Those tensions eased yesterday after it emerged the rebels had given the plane’s two black boxes to Malaysian officials. They also announced a cease-fire in an area around the crash site to provide safe access for investigators.
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