Asian shares fall as fresh outbreaks overshadow vaccine progress
Asian stocks followed Wall Street's sharp selloff on Thursday as concerns about rising coronavirus infections and new shutdowns in major U.S. cities hosed down earlier investor enthusiasm about COVID-19 vaccine developments. Bearish sentiment triggered a late-session retreat in stock markets on Wednesday after a surge in new COVID-19 infections prompted New York City, which has the largest school district in the United States, to halt in-person learning starting from Thursday. The news of the shutdowns overshadowed Pfizer Inc's announcement that its COVID-19 vaccine was 95% effective and that the company would apply for emergency U.S. authorization within days.
Published:11/18/2020 6:21:48 PM