Vaccine hopes help push Asian equities higher

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HONG KONG – Optimism about a virus vaccine helped push Asian markets higher Monday while traders were also cheered by a pledge from President-elect Joe Biden’s team that they were not planning an economically damaging nationwide lockdown despite surging cases.

However, while there is growing expectation a treatment will be available in the new year, gains were tempered by worries about a spike in the disease in the US and across Europe.

After a painful October, equities have enjoyed a huge bounce this month after Biden’s election win, which was followed by news that Pfizer and BioNTech’s vaccine candidate had proved 90 percent effective, lifting ho…

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The Philippine Daily Inquirer, popularly known as the Inquirer, is an English-language newspaper in the Philippines. Founded in 1985, it is often regarded as the Philippines' newspaper of record.

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