Asia mostly up on vaccine hopes, stimulus optimism

Wednesday, 21. October 2020 07:36

Major stock market indexes in the Asia-Pacific region were mostly up on Wednesday amid optimism sparked by the recent developments in the negotiations between the two main political parties in the United States on the fourth installment of the coronavirus relief package.

Moreover, US President Donald Trump asserted that there is reason to be optimistic in regards to the COVID-19 vaccine development as he assured the public that the country will "have 100 million vaccine doses before the end of the year."

The Nikkei 225 rose by 0.35% at 7:30 am CET, while Hong Kong's Hang Seng gained 0.81% at the same time. South Korea's Kospi concurrently advanced by 0.29%. The Australian S&P/ASX 200 closed 0.17% higher.

In mainland China, the Shanghai Composite lost 0.54% at 7:32 am CET, while the Shenzhen Composite dropped by 1.41% two minutes later. At 7:35 am CET, the dollar declined by 0.16% versus the Japanese yen, selling for ¥105.3235.

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