HONG KONG – Asian markets swung Monday as hopes that vaccines will soon be rolled out played against concerns over a pick-up in virus cases around the world.
Oil prices were also under pressure ahead of a two-day meeting of major producers, with traders worried that they had still not agreed on an extension of the output cuts that have provided crucial support for most of the year.
World markets have surged this month thanks to breakthroughs on vaccines, while investors have also been cheered by Joe Biden’s US presidential election win and signs that incumbent Donald Trump will allow a smooth transfer, despite claiming voter fra…
Keep on reading: Asia stocks fluctuate as virus cases offset vaccine roll-out hopes