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Asian stocks were mixed earlier on Wednesday, giving up its gains made on the previous day.
Market sentiment remained so after several vaccine experts reported that U.S. biotech firm Moderna had not provided sufficient information on the efficacy of its potential COVID-19 vaccine.
Stocks saw a boost on Tuesday after Moderna revealed on Monday that its newly-developed COVID-19 vaccine had generated an immune response in all of its 45 participants. However, market sentiment dampened after several vaccine experts said that the U.S. biotech firm did not provide sufficient information on the efficacy of the vaccine.
China’s Shanghai Composite lost 0.45%, while the Shenzhen Component fell by 0.37% at 11:37 PM ET (4:37 AM GMT) amid rising U.S.-China tensions.
Hong Kong’s Hang Seng Index dropped by 0.12%, losing gains from an earlier session, while Japan’s Nikkei rose by 0.96%.
South Korea’s KOSPI climbed by 0.21%, even as the country saw a reemergence of new COVID-19 cases originating from Seoul’s Itaewon district.
Down under, Australia’s ASX200 gained 0.6%, slowly claiming back losses from the previous session.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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