Stocks in Asia to Slip After Vaccine Study Doubts: Markets Wrap

(Bloomberg) — Stocks in Asia looked poised to track their U.S. peers lower after reports circulated that Moderna Inc.’s vaccine study, which was credited in part for Monday’s rally, didn’t produce enough critical data to assess its success. Treasuries gained.Futures dropped in Japan, Hong Kong and Australia. Contracts on the S&P 500 dipped after the U.S. gauge lost ground in the final hour of trading to end about 1% lower. Riskier assets had started the week on the front foot after the Moderna news fueled hopes for a coronavirus vaccine, but investors are struggling to maintain the optimism as they …read more

Source:: Yahoo Finance

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