BREAKING: Asian Shares Rise on Hopes for Vaccine Rollout
SHANGHAI (Reuters) - A broad gauge of Asian shares edged up to record highs on Monday morning as hopes for imminent coronavirus vaccines buoyed investor sentiment, but worries over the impact of economic lockdowns and uncertainty over U.S. stimulus capped gains.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.38%, pushing past a previous record high touched on Friday.
Trading activity was thin early in the Asian day, with Japanese markets closed for a holiday.
Nikkei futures added 0.16% to 25,785 and Seoul’s Kospi was 0.84% higher.
The regional index also got a boost from Australian shares which gained 0.81% as the country eased some COVID-19 restrictions. Most of the country has seen no new community infections or deaths in several weeks.
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