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Asian stocks lower after Pfizer cuts vaccine shipment plans

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Asian stock markets followed Wall Street lower Friday after Pfizer Inc. cut the number of doses of a planned coronavirus vaccine it might ship this year.

Benchmarks in Shanghai, Tokyo and Hong Kong, which are the bulk of the region's market value, retreated while Sydney advanced.

The Shanghai Composite Index lost 0.4% to 3,430.03 and the Nikkei 225 in Tokyo sank 0.3% to 26,727.17. The Hang Seng in Hong Kong retreated 0.2% to 26,686.54. On Wall Street, the S&P 500 slipped to 3,666.72. The Dow Jones Industrial Average gained 0.3% to 29,969.52. The Nasdaq composite added 0.2% to 12,377.18.

An industry group reported Thursday that U.S. service industries grew in November but the pace slowed for a second month.

 

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