Asian stocks advances since easing Ukraine tension weakens Yen

Source: Bloomberg
© RS
Asian stocks climbed for a second day since President of Russia, Vladimir Putin, stated the tensions in Ukraine will not immediately escalate. China shares slipped on concerns the country will face the problem of onshore corporate bond default during this week. The MSCI Asia Pacific Index added 0.6% to 137.71 at 2:11 p.m. in Hong Kong and the Standard & Poo's 500 Index jumped 1.5% yesterday. The 7.5% growth target was set by China today as the Communist Party's annual meeting begins.
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