Global shares advance on possible virus cure

24.08.2020 - Petr Mazaylo
Global shares advance on possible virus cure

Asian shares recorded two consecutive sessions of gains on Monday. This could be attributed to investors’ upbeat sentiment after the U.S. Food & Drug Administration (FDA) authorized the use of blood plasma from recovered patients as an option to cure the coronavirus.

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.65%. The index is currently heading toward a six-month peak seen last week. Meanwhile, e-mini futures for the S&P 500 tallied a 0.3% gain.

Japan’s benchmark index Nikkei jumped 0.4%, salvaging initial losses. Chinese shares were seen upbeat as the blue chips soared 0.8%. South Korea’s KOSPI climbed 0.9%, retreating from a series of declines after hitting more than a two-year high earlier this month.

Market sentiment was upbeat partly because of a Financial Times report about the United States’ plan of bypassing normal U.S. regulatory standards to expedite an experimental coronavirus vaccine from the United Kingdom.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?