Asian stocks follow Wall Street higher on vaccine hopes

Investors were encouraged after Pfizer and BioNtech announced preliminary data from a vaccine test, one of a series being carried out by global developers.At the same time, the populous American states of California and Texas reported daily record highs in new cases.

In South Korea, the Kospi advanced 0.8% to 2,124.39 while Australia's S&P-ASX 200 added 1.6% to 6,030.30. India's Sensex opened up 0.9% while New Zealand, Singapore and Jakarta also rose. Stock markets around the world roared back last quarter on hopes economies are pulling out of their deepest slump since the 1930s. Analysts warn, however, that prices might be rising too far and too fast to be supported by economic activity when infections are rising in the United States, Brazil and some other countries.

Holy macaroni

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks rise as Wall Street heads for a 3rd straight gainStocks are drifting higher in morning trading on Wall Street Wednesday, putting the market on track for its third gain in a row. And they just keep getting richer
Source: CTVNews - 🏆 1. / 99 Read more »

Stocks rise as Wall Street heads for a 3rd straight gainStocks are drifting higher in morning trading on Wall Street Wednesday, putting the market on track for its third gain in a row. And they just keep getting richer
Source: CTVNews - 🏆 1. / 99 Read more »