Asia markets extend global rally on vaccine hope ...Qatar

Gulf Times - News
Asia markets extend global rally on vaccine hope
Asian markets rallied on Tuesday on news that a vaccine candidate had been 90% effective in treating patients, fuelling hopes it could begin to be rolled out this year and bring an end to a pandemic that has battered the world economy. Wall Street and European shares soared with oil prices, while safe-haven assets tumbled on Monday when US pharmaceutical giant Pfizer and its German partner BioNTech announced results of their Phase 3 trial. The news provided a massive boost to investors who were already in a strong buying mood after Joe Biden’s US election win at the weekend removed a large amount of uncertainty from trading floors. “The clearing of the election fog has permitted underlying

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