Asian stock markets have moved higher on good news about an effective vaccine for Covid-19. Pakistan Stock Exchange (PSX) has also shown an upward trend since morning. The KSE index has seen an increase of 533 points till now.

Japan’s Nikkei 225 index opened more than 1.5% higher, to reach its highest level in almost 30 years.

Hong Kong’s Hang Seng opened 1.8% higher while in China, the Shanghai Composite, also saw gains in morning trading.

Stock markets in Singapore, South Korea and Australia were also in positive territory.

In Japan, shares in carmaker Toyota and fashion retailer Uniqlo were both up by more than 2% on Tuesday.

Although gaming companies saw their shares prices head lower, with the possibility of an end to lockdowns prompting a sell-off.

On Wall Street on Monday, the Dow Jones Industrial Average rose 3%, while London’s FTSE 100 jumped nearly 5%.


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