Global Equities Rise on Optimisim while Crude Oil Slips Drastically as Russia Pulls Back Some Troops

Asian stocks closed in red as hours after close as Russian government announced to return some troops at the Ukrainian borders back to their bases.

The CSI 300 closed on optimism up by 1.016% as PBOC injected liquidity in the market to support economic recovery. The HSI, KOSPI and TOPX closed down by 0.82%, 1.03% and 0.83% respectively. The SET however inched up on closing up by 0.99%.

U.S. futures Dow Jones, S&P 500 and Nasdaq 100 is up by 0.85%, 1.21% and 1.75% respectively.

Crude oil futures sharply retreated from gains right after the news of pullback of fractional Russian troops in the Ukrainian border. The WTI is down by 2.96% to $92.64 per barrel while the Brent is down by 2.64% to $93.93 per barrel.