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Nov. 27, 2020, 2:11 a.m. EST

Asian stocks mixed amid questions over effectiveness of one vaccine

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By Associated Press

BEIJING (AP) — Asian stock markets were mixed Friday as questions about the effectiveness of one possible coronavirus vaccine weighed on investor optimism.

Benchmarks in Shanghai, Hong Kong and Sydney retreated while Tokyo and Seoul gained.

Investors have been encouraged by reports of progress toward a possible vaccine. But they were uneasy after researchers questioned data that showed a candidate from the University of Oxford and AstraZeneca was 70% effective.

“Market participants showed increasing signs of nervousness as data errors were revealed,” said Mizuho Bank in a report.

The Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.84% rose 0.2% and the Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +1.01% in Hong Kong was flat. The Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -0.97% in Tokyo rose 0.4%.

The Kospi /zigman2/quotes/210598069/delayed KR:180721 -2.33% in Seoul added 0.3%, while Sydney’s S&P-ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.78% shed 0.5%.

India’s Sensex /zigman2/quotes/210597966/delayed IN:1 -0.96% fell less than 0.1%. New Zealand, Bangkok and Jakarta gained while Singapore retreated.

U.S. markets were closed Thursday for a holiday.

Investors are looking forward to a possible vaccine to control the pandemic that plunged the global economy into its deepest slump since the 1930s, though forecasters warn the stock market rebound might be too early to be sustained.

Those hopes were dented this week when researchers questioned how Oxford and AstraZeneca /zigman2/quotes/200304487/composite AZN +0.10% /zigman2/quotes/203048482/delayed UK:AZN +0.72% calculated the effectiveness of their vaccine. That alliance is among researchers who have reported the most progress toward a possible vaccine. The AstraZeneca CEO told Bloomberg News the company might conduct another trial.

Investors also are dismayed that U.S. states and European governments are reimposing controls on business and travel as infection rates surge.

The disease has killed more than 1.4 million people worldwide and there are 61 million confirmed cases, according to data gathered by Johns Hopkins University.

Markets are uneasy about U.S. data showing consumer spending weakening and job losses rising.

Supplemental unemployment benefits that supported consumer spending, the engine of the U.S. economy, have expired. Congress is deadlocked on a possible new aid plan.

In energy markets, benchmark U.S. crude /zigman2/quotes/211629951/delayed CL.1 -0.13% lost $1.66 to $44.94 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude , used to price international oils, lost 10 cents to $47.69 per barrel in London.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1280% fell to 103.97 yen from Thursday’s 104.25 yen. The euro /zigman2/quotes/210561242/realtime/sampled EURUSD -0.1076% rose to $1.1923 from $1.1906.

CN : China: Shanghai
+29.85 +0.84%
Volume: 30.17B
Jan. 18, 2021 3:01p
HK : Hong Kong Exchange
+288.91 +1.01%
Volume: 2.96M
Jan. 18, 2021 4:09p
JP : Nikkei
-276.97 -0.97%
Volume: 0.00
Jan. 18, 2021 3:15p
KR : Korea Exchange
-71.97 -2.33%
Volume: 1.47M
Jan. 18, 2021 3:32p
-52.40 -0.78%
Volume: 448,178
Jan. 18, 2021 5:28p
IN : India: Bombay
-470.40 -0.96%
Volume: 0.00
Jan. 18, 2021 3:30p
US : U.S.: Nasdaq
$ 51.34
+0.05 +0.10%
Volume: 0.00
Jan. 15, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$135.35 billion
Rev. per Employee
UK : U.K.: London
7,647.00 p
+55.00 +0.72%
Volume: 550,029
Jan. 18, 2021 2:23p
P/E Ratio
Dividend Yield
Market Cap
£99.66 billion
Rev. per Employee
US : U.S.: Nymex
$ 52.29
-0.07 -0.13%
Volume: 16,922
Jan. 18, 2021 9:29a
US : Tullett Prebon
-0.1330 -0.1280%
Volume: 0.0000
Jan. 18, 2021 9:39a
US : Tullett Prebon
-0.0013 -0.1076%
Volume: 0.0000
Jan. 18, 2021 9:38a

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