Early positive results from Moderna Inc.’s experimental coronavirus disease 2019 vaccine boosted the local stock market on Tuesday.
“The optimism flowed from the early positive results posted by Moderna Inc.’s experimental [Covid-19] vaccine,” Philstocks research associate Japhet Tantiangco said. “Philippine shares rallied as news from a Moderna trial stroked optimism about a potential coronavirus vaccine,” Limlingan said.
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