Asia Pacific stocks set to trade higher as S&P 500 hits another all-time high

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Overnight stateside, the S&P 500 rose 1% to 3,431.28 and hit an all-time high, with Monday also marking the index's first-ever close above 3,400.

The moves upward came on the back of positive sentiment surrounding the coronavirus pandemic situation in the U.S., with data compiled by Johns Hopkins University showing newly confirmed virus infections falling under 37,000 and have been below 50,000 since mid-August.

The Food and Drug Administration also approved the use of convalescent plasma as a treatment for coronavirus patients, though scientists and public health officials have . U.S. President Donald Trump's administration is also reportedly considering fast-tracking an experimental vaccine from the U.K.will be watched on Tuesday after the firm on Monday announced the sale of its Japan Consumer Health Care Business Unit to Blackstone for 242 billion Japanese yen .

Takeda CEO Christophe Weber said the company's decision to sell its Japanese over-the-counter unit was due to the difficulty for the pharmaceutical firm to continue investing in OTC businesses while also attempting to develop new drugs for more serious diseases, according to an

 

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Oh the bubble.

Color usage in china is f*cked up!

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