Asia mostly up on COVID-19 vaccine optimism
Major stock market indexes in Asia started the week mostly higher on Monday with investors’ hopes boosted by optimism regarding rolling out a potentially working coronavirus vaccine. German Health Minister Jens Spahn revealed that the vaccination against the virus in the country could start before year-end, with Spanish Prime Minister Pedro Sanchez noting he expects the process to start in January in Spain.
Additionally, US top infectious disease expert Dr. Anthony Fauci said he would not hesitate to get vaccinated once one of the two administration-backed vaccine candidates that showed positive results hits the market.
In mainland China, the Shanghai Composite advanced by 0.71% at 04:24 am CET, with the Shenzhen Composite adding 0.32% a minute later. The Australian S&P/ASX 200 went up by 0.54% at 04:26 am CET, as South Korea’s Kospi Composite gained 1.89%.
At 04:27 am CET, the dollar traded 0.08% lower against the yen, going for ¥103.7420, while Hong Kong’s Hang Seng lost 0.16%. Markets in Japan will be closed today for an exchange holiday.
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