Asia shares rally on vaccine hopes, oil retreats after early gains

TheStar Tue, May 19, 2020 02:35pm - 3 years View Original


asian market higher

SYDNEY/HONG KONG: Asian shares extended gains on Tuesday as more countries emerged from their economic lockdowns and a successful early-stage trial of a coronavirus vaccine cheered sentiment, although oil shed some of its early moves higher.

The rally followed a firmer Wall Street lead after data from Moderna Inc's COVID-19 vaccine, the first to be tested in the United States, showed it produced protective antibodies in a small group of healthy volunteers.

The positive early test results boosted sentiment as investors wagered on a faster-than-expected economic recovery.

...

Full Article on TheStar

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

EURO 0.050

Comments

Login to comment.