HONG KONG, Feb 24 (Reuters) – Asian shares rallied on Thursday, after a week of losses, as a slew of supportive measures from China and hopes for a diplomatic solution to the Ukraine crisis lifted sentiment.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) gained 0.9%, while Japan’s Nikkei (.N225) rose 1.3%.
**Property boost**
China’s blue-chip CSI300 index (.CSI300) jumped 2.4% after the government unveiled a 16-point plan on Wednesday to help stabilize the country’s ailing property sector.
The plan includes measures to support the bond market, ease restrictions on property purchases and provide subsidies for first-time homebuyers.
**Ukraine crisis**
Sentiment also got a lift from hopes that Russia and Ukraine could reach a diplomatic solution to their conflict.
Russian President Vladimir Putin said on Wednesday that there were .
