Stocks softened as optimism over a vaccine that could end the coronavirus pandemic gave way to concern as more infections spread across the US and Europe. Investors were also monitoring the US where President Trump is still to concede defeat in last week’s presidential election.
Although Softbank posted a $6.1bn quarterly profit in its latest earnings announcement, doubts remain over its operations following a slew of dud and controversial investments, Asia Times Financial TV reports.
04Asia pharma Covid bid
Pharmaceutical companies in Japan and China take up the mantle to produce and distribute coronavirus vaccines and treatments days after Pfizer’s candidate drug was hailed as a breakthrough.
Washington and US senators lined up to renew their attacks on China after Beijing sanctioned the disqualification of four pro-democracy lawmakers in Hong Kong, a move that has sparked condemnation across the globe.
"The well capitalised Big Three Chinese airlines are set to grab market share as many of their global competitors struggle to survive. We prefer prefer Air China (high international exposure) followed by China Southern (cargo exposure)."
HSBC Global Research
07 China steps on NEV gas
Electric car sales in China more than doubled last month compared with a year earlier. Analysts believe the momentum will continue in the remaining two months of 2020 in a country that seeks to make all new vehicles sold in 2035 “eco-friendly”