Singapore's Strait Times was trading higher by 0.5 per cent, while the Shanghai Composite was trading with gains of 0.66 per cent and the Taiwan Weighted was up 0.14 per cent.

The only market that was trading with losses was the Japanese Nikkei, which was set to close at a one month low.

European markets were slated to open marginally lower in trade.

Meanwhile, Crimea's leaders declared a 96 per cent vote in favour of Crimea leaving Ukraine and joining Russia.

The West on the other hand were preparing sanctions against Russia in a move that could have repercussions.

GoodReturns.in