Asian shares recover after talks between Russia-Ukraine

Asian stocks regained momentum on Tuesday as investors paused to take stock of the conflict in Ukraine following inconclusive talks between Moscow and Kyiv_ while oil prices continued to climb amid persistent supply disruption fears.

MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.42 percent_ while Japan s Nikkei jumped 1.47 percent.

Australia s S&P/ASX 200 index gained 0.92 percent_ paring earlier gains_ as the country s central bank opted to keep interest rates at a record low.

The Reserve Bank of Australia highlighted the crisis in Ukraine as a  source of uncertainty that called for  highly supportive monetary conditions .

Malaysia s bourse dipped slightly_ following several days of sharp gains.

 Asian equity markets have rebounded after the sharp fall in the past few trading days_ but this does not mean investors are back to risk-on mode_ Gary Ng_ a senior economist at Natixis in Hong Kong_ told Al Jazeera.

 The dollar index and gold price are still elevated_ meaning the demand for safe havens is still obvious. The first round of talks between Ukraine and Russia do not offer any significant escalation with ongoing bombing activities_ meaning the risks of more sanctions will prevail and commodity prices can climb further.

Jeffrey Halley_ senior market analyst for the Asia Pacific at OANDA_ said that markets may believe the  worst of the bad news is now out there_ especially on the sanctions front .

 It is equally likely though_ we see another panicked rush for the door is a stream of negative headlines_ a breakdown in Ukraine-Russia talks for example_ or widespread use by Russia of thermobaric explosives_ starts hitting the wires_ Halley said in a note on Tuesday.

Global stocks rout
Global stock markets have plunged in recent days following Russian President Vladimir Putin s military assault on Ukraine and a Western-led sanctions campaign that has cut off some Russian banks from the SWIFT payments system_ restricted Russian flights and state media_ and blocked the country s central bank from deploying its $630bn in foreign reserves.

The Russian rouble crashed to an all-time low on Monday_ though later clawed back some losses to reach 101 per dollar.