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The Covid-19 vaccine brings aviation stocks high

International stocks: Vaccine Covid-19 put aviation stocks high

Shares of airlines in Asia-Pacific soared on November 10 trading after investors reacted positively to the development of the Covid-19 resistant vaccine.

Hong Kong’s Hang Seng Index rose 1.1% in November 10 session. Photo: AFP

However, the better than expected Covid-19 vaccine test results did not help the Asia-Pacific stock market. green floor on the 10/11 trading day.

Japan’s Nikkei 225 index edged up 0.26% to close at 24,905.59 while the Topix index rose 1.12% and ended the day with 1,700.80 points. In South Korea, the Kospi index closed up 0.23% to 2,452.83 points. In Southeast Asia, Singapore’s Straits Times index soared to 3.37% at the end of November 10 afternoon while Thailand’s SET Composite Index rose more than 4%.

On the contrary, mainland Chinese stocks today were tinged red with the Shanghai Composite Index slipping 0.4 percent to 3,360.15 points while the Shenzhen Component Index lost 1.045 percent to 13,993.34.

According to the National Bureau of Statistics of China, the country’s consumer price index in October rose 0.5% over the same period last year, but lower than the 0.8% increase that experts forecasts with Reuters in advance. Meanwhile, the producer price index of China in October decreased by 2.1% compared to the same period last year, but close to the forecast of 2% decrease.

On the Hong Kong stock exchange, the Hang Seng today increased 1.1% and closed at 26,301.48 points, while Australian stocks also prospered with the S & P / ASX 200 index reaching 6,340.50 points, up 0, 66%. Overall, the MSCI Asia-Pacific (excluding Japan) still edged up 0.1%.

Aviation stocks became the focus of attention on the Asia-Pacific stock market thanks to their strong gains following the evolution of the Covid-19 resistance vaccine. TOh Asia – Pacific, hDang is not among the most severely affected areas because countries apply time travel restrictions Covid-19.

In Australia, Qantas shares jumped 8.33%. Japan’s Japan Airlines shares jumped 21.21% while ANA Holdings shares rose 18.06%. In the Korean market, shares of Korean Air Lines airline increased to 11.24%.

While Hong Kong’s Cathay Pacific shares rose 14.06%, China Eastern Airlines’ share of China Eastern Airlines was only half at 7.93%. Recorded in Singapore market, shares of Singapore Airlines also increased to 13.99% at the end of 10/11 session.

Investors follow the development of Covid-19 resistant vaccine by pharmaceutical company Pfizer and BioNTech Biotechnology Company. These two agencies have just declared the vaccine they developed to be more than 90% effective against Covid-19. This is the rate of anti-virus much higher than the rate predicted by 75% of scientists previously. Meanwhile, Anthony Fauci, the White House’s Covid-19 anti-epidemic advisor, said the vaccine only needs to be 50% or 60% effective against Covid-19 for it to be approved.

Stocks in the US last night were mixed after the good news about the vaccine against Covid-19. The Dow Jones industrial average closed up 834.57 points to 29,157.97, the highest increase of the day since June 5, while the S&P 500 index rose 1.2% and ended the day of delivery. translated with 3,550.50 points. By contrast, the Nasdaq Composite slipped 1.5 percent to 11,713.78 points.

Following the rise in the previous trading day on 9/11, oil prices on Asian markets went up this afternoon. Futures Brent crude oil futures rose 0.57% to $ 42.64 / barrel while US crude futures also inched up 0.42% to $ 40.46 / barrel.

The US dollar index against other major currencies slipped from 92,843 to 92,723. Japanese Yen weakened against the greenback and converted 105 JPY / USD, compared to 104.3 JPY / USD in 9/10 session, while the Australian dollar appreciated and changed hands 1 AUD / 0 , 7288 USD compared to the level of 1 AUD / 0.72 USD set earlier.

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