Investors were alarmed by the suspension of AstraZeneca vaccine trials.
After significant losses on Wall Street the day before, European markets are showing positive dynamics on Wednesday, while Asian markets are showing negative dynamics.
London’s FTSE index was up 0.7 percent by midday, Paris’s CAC-40 was up 0.4 percent, and Frankfurt’s DAX was up 0.8 percent.
Tokyo’s Nikkei index lost just over one percent, Australia’s S&P/ASX fell 2.1 percent, Hong Kong’s Hang Seng fell 0.6 percent, and the Shanghai Composite dropped 1.9 percent. The Sensex index in Mumbai fell 0.4 percent, the KOSPI in South Korea lost just over a percent, and Taiwan’s TSEC lost 0.4 percent.
Investors were alarmed by Tuesday’s drop in all three major US indexes, led by the tech-heavy Nasdaq, which fell 4.1 percent. The announcement by pharmaceutical giant AstraZeneca that it is suspending testing of an experimental coronavirus vaccine after a participant’s illness has increased investor concerns in the region.
Gold is trading at $ 1928,60 an ounce, down 0.7 percent. US crude rose 1 percent to $ 37,15 a barrel, while Brent crude added 0.4 percent to sell at $ 39,96 a barrel.
Meanwhile, Dow Jones, S&P 500, and Nasdaq futures are showing a positive trend ahead of the Wall Street open.