Asian markets end mostly higher on Friday

27 Nov 2020 Evaluate

Asian markets ended mostly higher on Friday due to positive news surrounding potential vaccines to treat Covid-19 fanned optimism about a speedy global economic revival. AstraZeneca is likely to run an additional global trial to assess the efficacy of its Covid-19 vaccine using a lower dosage, its chief executive was quoted as saying amid questions over the results from its late-stage study. Further, easing US political uncertainty after President-elect Joe Biden's transition to the White House also lifted sentiment. Chinese shares climbed after data showed the country's industrial profits advanced 28.2 percent on a yearly basis in October, marking the sixth consecutive rise in profits as the economy showed signals of robust rebound from the corona virus driven downturn.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,408.31	38.58	1.14
Hang Seng	26,894.68	75.23	0.28
Jakarta Composite	5,783.34	23.42	0.41
KLSE Composite	1,607.59	-4.52	-0.28
Nikkei 225	26,644.71	107.40	0.40
Straits Times	2,855.82	-1.66	-0.06
KOSPI Composite	2,633.45	7.54	0.29
Taiwan Weighted	13,867.09	21.43	0.15

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