Australia shares edge lower on vaccine trial halts; New Zealand gains for eleventh day

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Australian shares inched down on Wednesday as halted vaccine trials and uncertainty around a U.S. fiscal stimulus package hit sentiment, though a jump in healthcare stocks led by CSL Ltd capped losses.

The company raised its full-year profit forecast as it expected higher demand for vaccines, plasma and recombinant products amid the COVID-19 pandemic.said on Tuesday it was pausing clinical trials of a COVID-19 vaccine candidate due to an unexplained illness in a participant.also said it would halt its coronavirus antibody trial on safety concerns.

Diminishing hopes for the passage of a U.S. coronavirus bill also added to the gloom after House Speaker Nancy Pelosi rejected the $1.8 trillion coronavirus relief proposal from the White House, calling it inadequate to support the pandemic-ravaged economy.led losses, falling 1.1%. The"Big Four" lenders slid between 1% and 1.5%.

 

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