Picture used for illustrative purpose. File
Gulf Today Report
Asian stock remains mixed on Friday as doubts for the effectiveness of coronavirus vaccine outweighed the hope of investors.
Benchmarks in Shanghai, Hong Kong and Sydney declined while Tokyo and Seoul rose.
The revelation of data errors in COVID-19 vaccine trials is making investors have doubt, said Mizuho Bank.
The Shanghai Composite Index lost less than 0.1% to 3,368.12 and the Hang Seng in Hong Kong shed 0.2% to 26,776.83. The Nikkei 225 in Tokyo rose 0.3% to 26,626.81.
The Kospi in Seoul added 0.1% to 2,630.07 while Sydney's S&P-ASX 200 shed 0.5% to 6,603.70.
India's Sensex opened down less than 0.1% at 44,241.06. New Zealand, Bangkok and Jakarta gained while Singapore retreated.
European shares fell on Friday as researchers question data of AstraZeneca’s COVID-19 vaccine.
The pan-European STOXX 600 dipped 0.1%, with travel and energy sectors among the biggest decliners in early trading. The benchmark index was, however, on course for a fourth consecutive weekly gain.
According to AstraZeneca’s chief executive, the company will be running a global trial using a lower dose. The company’s shares dropped by 0.6% as doubts were raised.
The pan-European STOXX 600 fell 0.7% by 08:10 GMT, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%, on Wall Street, the Dow slumped 1.16%.
The pan-European STOXX 600 index rose 0.4% and was on track for a marginal weekly gain after signs of progress on COVID-19 vaccine pushed the index to February highs earlier this week.
In Europe, London shares rose 0.4 per cent while in Asia, Tokyo’s Nikkei 225 climbed 0.6% .
Dana Gas has announced that year-to-date Pearl Petroleum Company Limited has received $151 million (Dhs553 million) from the sale of gas, condensate and LPG, in the Kurdistan Region of Iraq (KRI).
The Pearl Initiative, a leading Gulf business-led non-profit organisation promoting a corporate culture of accountability and transparency, held a virtual panel discussion in conjunction with stc.
Four tech start-ups from three countries are leading breakthrough work to transform the ports and logistics sector by piloting projects with Gulftainer.
Britain launched on Tuesday an independent review of banking capital and proprietary trading rules that is set to pit banks against their regulator as London’s powerful financial industry looks to boost its global competitiveness after Brexit.