Asian markets mostly up but surging infections fuel fear

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Asian markets mostly up but surging infections fuel fear eNCA

File: Hong Kong slipped as investors fret over a resurgence in the virus in the city that many fear could see economically painful containment measures reintroduced.HONG KONG - Asian markets mostly rose again on Monday but investor sentiment remains divided between optimism over vaccine developments and concern about surging virus cases around the world.

Hopes that the world can begin to return to some form of normal in the new year have been rising this month after top pharma giants announced better-than-expected results from trials of their vaccines. Cathay Pacific tumbled four percent as a planned Hong Kong-Singapore travel bubble was called off. Singapore Airlines fell just 0.2 percent in Singapore.

 

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