Major stock markets in the Asia-Pacific region traded mostly higher on Tuesday following Canberra's decision to add more sanctions on Russia over its military intervention in Ukraine. Meanwhile, the Reserve Bank of Australia (RBA) responded to the crisis caused by the conflict in Eastern Europe coupled with the effects of the COVID-19 pandemic by keeping key interest rates the same.
Earlier, the newest report on Japan's services sector noted that the "overall private sector activity returned to growth territory for the first time since last December."
Japan's Nikkei 225 went up by 0.13% at 7:19 am CET as the dollar lost 0.22% to the yen to sell for ¥122.5225. At the same time, South Korea's Kospi stood flat. A minute later, Australia's S&P/ASX 200 advanced by 0.15%. The stock markets in mainland China and Hong Kong were closed for the day due to Qingming Festival.
