Asian Markets Rise On Coronavirus Treatment, Earnings Optimism


Source: rttnews.com rttnews.com

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Asian stock markets are rising on Monday following the positive cues from Wall Street Friday as upbeat coronavirus treatment and vaccine news helped offset worries about the surge in new coronavirus cases worldwide. Gilead Sciences said Friday that based on new data, its drug remdesivir showed a reduction in the risk of death in coronavirus patients. In addition, optimism about the corporate earnings season beginning this week also lifted stocks. The Australian market is notably higher following the positive cues from Wall Street Friday on upbeat coronavirus treatment and vaccine news. In Australia, scientists in Queensland said that a coronavirus...