Asian markets rise as Ukraine rhetoric heats up
Asian markets are experiencing a mild rise despite promises from the EU and the US to cooperate on preparing further sanctions against Russia in response to the crisis in Ukraine.
Yesterday President Obama declared that "Russia stands alone" on the world stage and that it's actions must be "met with condemnation."
Japanese markets are flat as investors prepare for a rise in sales tax in April that is expected to reduce consumer spending. Industrial profit growth in China declined to 9.4 per cent.
Tech companies across Asia suffered sharp declines in the wake of King Digital Entertainment's fall of 15 per cent on it's first day of trading.
The Nikkei is 0.5 per cent but the Hong Kong Hang Seng Index is down 0.1 per cent. South Korea's Kospi is enjoying a rise of 0.7 per cent, while the Shanghai Stock Exchange Composite Index is also up 0.05 per cent. The Tokyo Stock Exchange Tokyo Price Index is currently flat.