Asia-Pacific stocks mixed as investors weigh J&J Covid vaccine setback

Covid developments

Investors watched for market response to a Tuesday announcement by the U.S. Food and Drug Administration asking states to quickly halt utilizing Johnson & Johnson’s Covid-19 vaccine after six ladies within the nation developed a uncommon blood-clotting dysfunction. More than 6.8 million doses of the J&J vaccine have been administered within the U.S. up to now.

Meanwhile, Moderna mentioned Tuesday that its Covid-19 vaccine was more than 90% effective at defending towards Covid and greater than 95% efficient towards extreme illness as much as six months after the second dose.

Globally, greater than 137 million instances of Covid infections have been recorded and the loss of life toll from the illness has crossed the two.9 million mark, in keeping with information compiled by Johns Hopkins University.

Overnight on Wall Street, the S&P 500 noticed a brand new closing excessive as it superior 0.33% to 4,141.59 whereas the Nasdaq Composite jumped 1.05% to finish its buying and selling day at 13,996.10. The Dow Jones Industrial Average lagged as it shed 68.13 factors to shut at 33,677.27.

Currencies and oil

The U.S. dollar index, which tracks the dollar towards a basket of its friends, was at 91.751 after earlier slipping from above 92.

The Japanese yen traded at 108.83 per greenback, stronger than ranges above 109.5 towards the dollar seen yesterday. The Australian dollar modified fingers at $0.7641, above ranges under $0.762 seen earlier this week.

Oil costs rose within the morning of Asia buying and selling hours, with worldwide benchmark Brent crude futures up 0.39% to $63.92 per barrel. U.S. crude futures additionally superior 0.4% to $60.42 per barrel.

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