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Asia-Pacific stocks rise following Wall Street bounce, positive Covid vaccine development

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Biotech firm Novavax said Thursday that its coronavirus vaccine was more than 89% effective in protecting against Covid-19.

A study found that the vaccine appeared to be 85.6% effective against the U.K. variant. A separate phase two study in South Africa, however, showed the vaccine isn't nearly as effective against a new strain ravaging that country. Shares of the company were up more than 23% in after-hours trading.

Globally, the coronavirus has infected more than 101.25 million people while at least 2.18 million lives have been taken, according to data compiled by Johns Hopkins University.

 

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Asia stocks skid as global inflation fears, tech woes hit Wall StreetAsian stocks opened sharply lower on Friday after Wall Street's main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark U.S. Treasury yields. More good news please((( Well yeah wean everything is a microchip in everything it’s nuts More good news please(((
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