Asian shares buoyed by coronavirus vaccine hopes

SourceGulf Today
SectorFinancial Markets

Asian shares buoyed by coronavirus vaccine hopes 4 hours ago Picture used for illustrative purpose. File Asian shares firmed on Monday on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its phase-3 trial though sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States. Most major markets across Asia were in the green with MSCI's broadest index of Asia-Pacific shares  outside Japan rising 0.9% for its second straight session of gains. Australian shares climbed 0.6% while Japan's Nikkei added 0.7%. Chinese shares started firm but pared some of the early gains with the blue-chip index last up 0.1%. Friday marked six months since the World Health Organization (WHO) declared the coronavirus a pandemic on March 11. Since then, major global economies have slipped into recession and more...