HONG KONG: Equity markets rose again on Monday on growing optimism over vaccine developments but concern about surging virus cases around the world tempered sentiment once again. Oxford University and AstraZeneca announced Monday that their joint vaccine project had shown 70 percent efficacy. “There is a lot of enthusiasm over the vaccine news and rightly so,” Brian Jacobsen, at Wells Fargo Asset Management, told Bloomberg TV. European Commission President Ursula von der Leyen said Friday there had been better progress in recent talks, with an 11-month deadline on December 31 for the two sides to reach an agreement. “After difficult weeks — with very, very slow progress — now we’ve seen in the last days better progress, more movement on important files.

Source: Manila Times November 23, 2020 08:26 UTC