Asia stocks gain as vaccine shields Covid-19 second wave worries

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SYDNEY (REUTERS) - Asia's stock markets opened higher on Monday (Nov 16), as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the United States, while oil prices and risk-exposed currencies also edged higher.. Read more at straitstimes.com.

SYDNEY - Asia's stock markets opened higher on Monday , as vaccine optimism offset worries about rising coronavirus cases in Europe and new lockdowns in the United States, while oil prices and risk-exposed currencies also edged higher.

The US dollar, meanwhile, was marginally lower against the Antipodean currencies. Oil prices crept higher, though not enough to recoup late-week losses on worries about the winter ahead. President Donald Trump appeared on Sunday to acknowledge losing the US election but then backtracked and said he concedes"nothing," while President-elect Joe Biden focused on tackling the coronavirus pandemic.

" agreement ... signals that Asia keeps pushing ahead with trade liberalisation even as other regions have become more sceptical," said HSBC economists Frederic Neumann and Shanella Rajanayagam in a note. Negotiations have already missed several deadlines and the next one looms with Thursday's European Union summit.

 

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