Asia stocks fluctuate as virus cases offset vaccine roll-out hopes

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Asian markets swung Monday as hopes that vaccines will soon be rolled out played against concerns over a pick-up in virus cases around the world.

“Vaccines offer the promise that the major disruptions of the pandemic will fade from the scene in 2021,” said Axi strategist Stephen Innes. “Economic life will gradually heal; the world will start to move on from all the human suffering that the virus has wrought.”

“There almost certainly is going to be an uptick because of what has happened with the travel,” Fauci told CNN’s State of the Union. “Now we’re entering this post-Thanksgiving surge with three, four and 10 times as much disease across the country,’ she told CBS’s Face the Nation. “We are deeply worried.”Parts of Asia are also seeing new spikes, with Hong Kong leaders warning the city is entering a fourth wave, while containment measures have been introduced in South Korea and Japan.

 

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