Australian S&P/ASX 200 futures rose 0.37 per cent in early trading. Japan’s Nikkei 225 futures added 0.07 per cent, and Hong Kong’s Hang Seng index futures rose 0.25 per cent. — Reuters pic
A run of promising news in efforts to develop a Covid-19 vaccine ran through US markets. An experimental vaccine produced by biotech startup Moderna Inc showed it was safe and provoked immune responses in volunteers, an early — stage trial showed on Tuesday.“US equities continued to defy all gravity as investor optimism revels amid the progress in developing a vaccine which continues to reign supreme,” wrote Stephen Innes, chief global markets strategist at AxiCorp, in an analyst note.
The Dow Jones Industrial Average rose 0.85 per cent, while the S&P 500 gained 0.91 per cent and the Nasdaq Composite grew 0.59 per cent.
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