By Tuba Sahin
ANKARA (AA) – Major Asian stock markets turned green at Friday’s close after posting losses with Russia’s military intervention in Ukraine.
The Asia Dow, which includes blue-chip companies in the region, rose 0.66%, or 23.4 points, to 3,575.40 points at 1000GMT.
Tokyo’s Nikkei 225 stock exchange surged 1.95%, or 505.7 points, to close at 26,476.5 points.
The Japanese government is considering raising its subsidy for oil wholesalers to a maximum of 25 yen ($0.22) per liter from the current upper limit of 5 yen ($0.043) in an attempt to deal with soaring crude oil prices, Tokyo-based Kyodo News reported.
The move aims to ease the impact of rising prices on households and businesses, with the government expected to announce the specifics next week.
China’s Shanghai Stock Exchange increased 0.63%, or 21.45 points, to close at 3,451.
The Indian Sensex benchmark rose 2.44%, or 1,330 points, to close at 55,860 points, while the Singapore index climbed 0.56%, to 3,294.
The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong stock exchange, was the sole index in negative territory, going down 0.59%, or 134.4 points, to 22,767.