Asian stocks rally on positive vaccine news, upbeat Chinese data
STI up 0.29% to end at 2,814.12; advancers outnumber decliners 250 to 197. BY RAE WEE
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AGAINST the backdrop of positive vaccine developments and upbeat Chinese data, the Straits Times Index (STI) ended Tuesday 0.29 per cent or 8.17 points higher at 2,814.12.
The results of a business survey released on Tuesday showed that activity in China's factory sector accelerated at the fastest pace in a decade in November.
On the vaccine front, Moderna on Monday said it is filing for US and European emergency regulatory approval of its coronavirus vaccine so that it can be recommended for widespread use.
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