Asian stocks set to track U.S. gains as virus treatment hopes lift confidence

NEW YORK - Asian equity markets were poised to gain on Thursday, tracking Wall Street’s rally after positive trial results of an experimental COVID-19 treatment, a U.S. Federal Reserve pledge to shore up the economy and a jump in oil prices.

A top U.S. health official said Gilead Sciences Inc’s antiviral drug remdesivir is likely to become the standard of care for COVID-19 after early results from a clinical trial showed it helped certain patients recover more quickly.

I love how the 'market' is completely ignoring the economic damage that has already been done. Where is all this consumer confidence and spending power going to come from? Anyone that buys now for long term gain has rocks in their head.

Ahhh dirtychina managed to take over a pharmaceutical company that doea remesidivir? Srole the IP now magically WHO will say its.the cure boycottchina makechinapay punishchina

boycottChineseProducts

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Asia stocks set to rise as Wall Street jumps on lockdown easing hopesAsian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices. NEW: Canada reports 1,605 new cases of coronavirus and 147 new deaths. A total of 48,500 cases and 2,707 deaths. Cut China from The US financial system. Expel Chinese students. No Chinese tourist visas. 100% tariffs on Chinese goods. Sanctions and assets frozen.
Source: Reuters - 🏆 2. / 97 Read more »