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International Business Times

Business

Asian Stocks Rise, Oil Falls As Trump Fans Ukraine Peace Hopes

Donald Trump Oil Ukraine Vladimir Putin United States Inflation Russia US Federal Reserve

Sentiment was boosted after Donald Trump said he had spoken to Vladimir Putin about holding Ukraine peace talks (Credit: AFP)

Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed peace talks.

The US president said he expected to meet his Russian counterpart in Saudi Arabia "in the not too distant future" to find a route to ending the three-year conflict, which has fanned geopolitical fears and energy costs.

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