Asian stocks jumped on Tuesday following US company Moderna Inc announcing its coronavirus vaccine.
Gains were led by benchmarks in Singapore and Indonesia which both rose around 1%, while Hong Kong rose 0.1% and Australia's S&P/ASX 200 was up 0.23%.
Japan's Nikkei 225 rose 0.24% after hitting a 29-year high the day before, but Chinese blue chips dropped as recent bond defaults hit sentiment.
Investors sentiment was boosted after Moderna Inc said its vaccine is 94.5% effective.
Herald van der Linde, HSBC’s head of equity strategy for the Asia Pacific said, "the market is assuming that we can see the end of the tunnel, that in 2022 a large part of the world's population will start to receive access to vaccines."