Asian Equities Mixed with Eyes on Ukraine Tensions

Asian equity markets opened mixed on Tuesday as tensions over Ukraine took the shine off Wall Street’s overnight gains.

Focus was on Europe where Ukrainian president Petro Poroshenko is due to meet Russian leader Vladimir Putin in Belarus on Tuesday. The meeting comes after Poroshenko dissolved Ukraine’s parliament on Monday and announced that new elections will take place on October 26.

Global markets rallied overnight with the S&P 500 crossing 2,000 for the first time, lifted by optimism that the European Central Bank (ECB) would pursue further moves to stimulate the European economy following Mario Draghi’s speech at Jackson Hole, Wyoming last week.

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