Inventories in Asia decline after Pfizer cuts vaccine shipment plans

Beijing: Asian stock markets followed Friday’s Wall Street after Pfizer reduced planned doses Coronavirus Vaccines that may be shipped this year.

Benchmarks in Shanghai, Tokyo and Hong Kong, which account for the majority of the region’s market value, have moved forward while Sydney has moved backward.

Wall Street’s Benchmark S & P 500 Index fell 0.1% on Thursday, falling short of a new record, after Pfizer reduced the number of vaccines it could ship this year to 500,000. The company said it took longer than expected to test the Wall Street Journal and set up its supply chain.

Also on Thursday, US health officials reported a day’s record of 3,157 virus deaths.

There is a normal tug of war between medium-term optimism and short-term optimism before we get new benefits. COVID-19 (new coronavirus infection) (# If there is no character limit, add parentheses when it first appears Despair, Axis Stephen Ines said in a report.

The Shanghai Composite Index fell 0.4% to 3,430.03, and the Nikkei 225 in Tokyo fell 0.3% to 26,727.17. Hong Kong’s Hang Seng Index fell 0.2% to 26,686.54.

Seoul’s Kospi rose 1.4% to 2,734.37, and Sydney’s S & P-ASX 200 rose 0.4% to 6,644.00. New Zealand and Jakarta have declined, but Singapore and Bangkok have moved forward.

Investors want more than one Coronavirus Despite the challenge of making and distributing billions of doses that must be stored frozen, the vaccine may be available next year.

On Wall Street, the S & P 500 fell to 3,666.72. The Dow Jones Industrial Average rose 0.3% to 29,969.52. The Nasdaq Composite Index was up 0.2% to 12,377.18.

Investors have been encouraged by signs that Washington’s Democrats and Republicans may overcome their bitter factions to agree on an economic aid package.

Speaker of the House Nancy Pelosi and Speaker of the Senate Mitch McConnell spoke Thursday after Pelosi showed his intention to make a major concession. Presidential election Joe Biden urged Congress to pass a bailout bill now on Wednesday, with more help coming next year.

An industry group reported Thursday that the US services industry grew in November, but the pace slowed for two months.

The Supply Chain Management Service Activity Index fell from 56.6 in October to 55.9. Over 50 measurements represent the expansion of industries such as restaurants, bars, retailers and shipping companies.

According to another report, fewer Americans applied for unemployment benefits last week, but economists warned that Thanksgiving holidays could have distorted the number of unemployment benefits.

Oil prices have risen after allies, including OPEC and Russia, agreed on Thursday to increase oil production by 500,000 barrels per day from January. They cut production early to support prices as pandemics and business and travel controls pushed demand down.

Benchmark US crude rose 71 cents to $ 46.35 a barrel in electronic commerce on the New York Mercantile Exchange. Thursday’s deal rose 36 cents to $ 45.64 a barrel. In London, Brent crude, which was used to price international oil, was 90 cents higher, at $ 49.61 per barrel. In the last session, 46 cents were added to $ 48.71 a barrel.

The dollar fell from 103.97 yen on Thursday to 103.91 yen. The euro remained unchanged at $ 1.2143.

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Inventories in Asia decline after Pfizer cuts vaccine shipment plans

Source link Inventories in Asia decline after Pfizer cuts vaccine shipment plans

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