Shares in Japan look set for opening gains as investors watch Russia-Ukraine situation

Shares in Japan look set for opening gains as investors watch Russia-Ukraine situation

SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday trade as investors watch for developments surrounding the war in Ukraine. The in Japan slipped 0.26% as shares of telecommunications firm fell more than 2%. The Topix index shed 0.62%. Elsewhere, South Korea's Kospi advanced 0.5%. In Australia, the climbed 0.58%. MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.41% higher. Hong Kong-listed shares of embattled developer Evergrande's are set to resume trading on Wednesday, the company announced Tuesday. Meanwhile, Hong-Kong listed shares of will "remain suspended until further notice," according to a Tuesday announcement by the firm. In Russia-Ukraine developments, the Russian military has in Ukraine, though Pentagon Press Secretary John Kirby warned the troop movements do not amount to a retreat. U.S. Treasury yields also continued to be monitored by investors on Wednesday. The yield on the benchmark last sat at 2.3907% while the yield on the  was at 2.5035%. The  yield was at 2.4916% while the yield sat at 2.3586%. Yields move inversely to prices. Earlier this week, since 2006. An inversion of the yield curve has happened previously ahead of recessions, with the purchase of more long-dated Treasurys seen as a sign of investor