Asian markets struggle after report dashes hope of vaccine
Equities battle while gold and bonds are firmer as a sceptical report casts doubt over early positive results from Covid-19 vaccine trial
20 May 2020 - 07:31
Washington — Asian stocks struggled to extend the week’s rally on Wednesday and gold and bonds firmed as a sceptical press report dented some of the hope for a Covid-19 vaccine and the concern about bumps in the global recovery from the pandemic returned.
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat. The risk-sensitive Australian dollar retreated from an overnight two-month high and safe-haven demand drove US treasury yields back under 0.7%...
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