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Asian stock markets rally on news of COVID-19 vaccines

Asian stock markets rally on news of COVID-19 vaccines
Asian stock markets rally on news of COVID-19 vaccines During today's trading, Asian stocks are mostly higher in anticipation of the imminent introduction of the COVID-19 vaccine in various countries of the world..

This is a critical step for finally ending the pandemic and returning the economy to normal, analysts say..

"Vaccine is a big prize for risky asset markets", - said Stephen Innes of Axi. According to him, vaccination will lead to "growth in demand in the global economy" after "global geopolitical risk has decreased since the US presidential election", reported by MarketWatch.

British Prime Minister Boris Johnson yesterday welcomed the decision of the British Medicines Regulatory Agency (MHRA) to approve the use of the coronavirus vaccine by the American company Pfizer (NYSE: PFE) and the German BioNTech (NASDAQ: BNTX). Health Secretary Matt Hancock Says British Authorities Will Launch Country COVID-19 Vaccination Campaign Early Next Week.

The Japanese parliament approved a bill, according to which the population of the country will be vaccinated against the coronavirus COVID-19 at the expense of funds allocated from the budget, according to The Japan Times. Japan has already purchased Pfizer vaccines for 60 million people and Moderna (NASDAQ: MRNA) for 25 million, and also ordered 120 million doses of AstraZeneca (LON: AZN).

Japanese index Nikkei 225 by 9:00 Moscow time rose by 0.03%.

Among the leaders in the growth of quotations are shares of Kawasaki Kisen Kaisha Ltd. (+ 5.3%), Mitsui O.S.K. Lines Ltd. (+ 4.7%) and Pacific Metals Co. Ltd. (+ 4.5%).

Capitalization of consumer electronics manufacturer Sony increased by 1%, automakers Toyota Motor (T: 7203) and Nissan Motor - by 0.9% and 3.1%, respectively, Asia's largest apparel retailer Fast Retailing - by 0.5%, investment -technological SoftBank Group - by 1.9%.

China's Shanghai Composite Index dropped 0.46% by 09:05 Moscow time, while Hong Kong's Hang Seng Index added 0.58%.

The Purchasing Managers Index (PMI) for Services in China, calculated by Caixin Media Co. and Markit, in November jumped to a high in a decade - up to 57.8 points, up from 56.8 points a month earlier. A value of the indicator above 50 points indicates an increase in activity in the sector, below it indicates a weakening.

The most significant rise in price in Hong Kong is the electronics manufacturer Xiaomi Corp. (+ 3.7%), HSBC Bank (+ 2.6%), Internet giant Tencent Holdings (+ 2.3%).

Online retailer Alibaba (NYSE: BABA) Group Holding Ltd. growing by 1%.

South Korean Kospi Index increased by 0.66% by 9:20 Moscow time.

Market value of one of the world's largest chipmakers Samsung (KS: 005930) Electronics Co. grew by 0.6%, auto maker Hyundai Motor - by 5.8%.

Australian S&P / ASX 200 climbs 0.4% - to its highest level in 8 months.

Iron ore prices jumped to their highest in seven years. As a result, the capitalization of the world's largest mining companies BHP soared by 4.9% (to the highest level in 18 months), Rio Tinto (LON: RIO) - by 6.9% (to a record since 2008). Fortescue Metals shares up 13.3% to all-time high.

The country's foreign trade surplus in October became a record for six months - 7.46 billion Australian dollars, compared with 5.82 billion a month earlier. Exports rose 5%, while imports fell 1%.

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