Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling.
Overall, “stocks remain underpinned by optimism over the coronavirus relief bill. Democrats and the White House are inching closer to a deal, and the market remains cheery an agreement can be signed off by the end of the week,” Stephen Innes of AxiCorp said in a commentary.
Gov. Hideaki Ohmura told reporters businesses are being asked to close altogether or close early, and people are being asked to stay home at night, to prevent infections from spreading. The Dow Jones Industrial Average rose 1.4% to 27,201.52, and the Nasdaq composite added 0.5%, to 10,998.40.Congress and White House officials are negotiating on more aid for an economy that’s shown some improvement but is still hobbling.
Shares of biotech company Novavax jumped 10.4% after it reported data on its vaccine candidate for COVID-19. Analysts cautioned not to over-interpret the data but called it encouraging.
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