Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Monday despite the mixed cues from Wall Street Friday. Investor sentiment was boosted after the U.S. Food and Drug Administration authorized a COVID-19 vaccine developed by Pfizer and BioNTech for emergency use.
In addition, investors cheered news that Britain and the European Union have agreed to continue Brexit trade talks beyond Sunday s deadline.
The Australian market is advancing after two straight days of losses.
The benchmark S&P/ASX 200 Index is adding 32.30 points or 0.49 percent to 6,674.90, after rising to a high of 6680.70 earlier. The broader All Ordinaries Index is rising 28.20 points or 0.41 percent to 6,914.60. Australian stocks closed lower on Friday, extending losses from the previous session.