Asian stocks rise as vaccine news outweighs second wave concern
Reports of a working Covid-19 vaccine seem to inoculate investors against worry about surging infections in Europe and the US
11 November 2020 - 07:25
Sydney/Boston — Stock markets gained on Wednesday, as news of a working Covid-19 vaccine seemed to inoculate investors against worry about surging infections in Europe and the US, while the kiwi rose as traders thought the central bank sounded upbeat.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4% and Japan’s Nikkei rose 1%, though most of the action was switching between sectors within markets, as investors shift from coronavirus winners into some of the hardest hit sectors...
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