Asian Shares Advance after Vaccine Hopes Get firm

Asian shares advance after vaccine hopes get firm

On Monday, Asian shares witnessed gains after the hopes of coronavirus vaccine to come by the end of 2020 gets firm, making the market move towards a 2.5 year high. However, the uptrend was dragged down by Chinese data, which posted weaker than expected reports.

MSCI, Asia Pacific shares index outside Japan surged 0.6% consecutively for the second day after gains were dragged down by Chinese GDP data for Q3, which rose 4.9% as compared to the same period last year but was slower than the expected 5.2%.

Meanwhile, Australia’s leading index and Japan’s Nikkei both rose 1.1%, with Euro getting dull at $1.1712.

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