Asia trades mostly higher on vaccine optimism

Tuesday, 28. July 2020 07:19

Major stock exchanges in the Asia-Pacific region traded mostly higher on Tuesday after Pfizer Inc. and BioNTech announced yesterday that they started late-stage human trials of their COVID-19 vaccine candidate. Meanwhile, United States President Donald Trump revealed that the government signed a $265 million contract with Fujifilm Texas A&M Innovation Center, aimed to boost its vaccine production capacities.

The Nikkei 225 index declined by 0.08% at 7:15 am CET. The Shanghai Composite was 0.58% up at 7:00 am CET and the Shenzhen Composite Index gained 1.04% at 7:15 am CET, while the Hang Seng rose by 0.33% at 7:17 am CET. The Kospi jumped 1.40% at the same time. The S&P/ASX 200 in Australia decreased by 0.10% at 7:18 am CET.

The dollar was 0.24% higher compared to the yen, going for 105.6205 at 7:19am CET.

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Breaking the News / MS