Asian Equities Edging Higher

Asian shares edged higher on Tuesday tracking rallies in the United States and Europe as investors seemed to put aside geopolitical concerns, at least for the moment.

MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3 percent after jumping 1.5 percent on Monday. Japan’s Topix rose 0.4 percent, while the Nikkei firmed 0.3 percent.

The better mood came even though NATO chief Anders Fogh Rasmussen warned of a “high probability” that Russia, using the guise of a humanitarian mission, could intervene militarily in Ukraine.

Reuters

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