Asia mostly higher on EU-China deal hopes, vaccine news

Wednesday, 29. July 2020 04:32

Equities on the major stock exchange markets in Asia traded mostly higher on Wednesday amid encouraging news on COVID-19 recovery. The European Union and China plan to intensify the negotiations on a mutual investment agreement, in order to recover faster from the economic crisis caused by the pandemic, Chinese Vice Prime Minister Liu He said.

Optimistic news came from Russia, as Moscow reportedly aims to approve the COVID-19 vaccine developed by the Gamaleya Institute in the next two weeks.

The Nikkei 225 index dipped 0.79% at 4:30 am CET, with the Shanghai Composite advancing 1.15% at the same time. The Shenzhen Composite Index gained 1.98% a minute later, while the Hang Seng concurrently rose by 0.45%. At 4:32 the Kospi jumped 0.44%, as the S&P/ASX 200 in Australia decreased by 0.16%. The dollar stood flat against the yen, buying ¥105.0805 at 4:34 am CET.

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Breaking the News / BU