Trump Tweet "Corona Vaccine Coming Soon... Stock Market Surges Significantly"
[Asia Economy Reporter Eunbyeol Kim] On the 9th (local time), U.S. pharmaceutical company Pfizer announced that the initial trial results of its COVID-19 vaccine showed high efficacy, and U.S. President Donald Trump also tweeted about this.
President Trump tweeted immediately after Pfizer's vaccine announcement, saying, "The stock market is soaring, and the vaccine will be out soon. They say it is 90% effective. Very good news!"
Before the market opened, major U.S. indices in New York and major European stock markets are currently surging on news that the COVID-19 vaccine being developed by Pfizer and BioNTech showed high efficacy. Pfizer in the U.S. and Germany's BioNTech, jointly developing the COVID-19 vaccine, announced that "initial analysis results of the COVID-19 vaccine demonstrated over 90% efficacy." The S&P 500 futures are up 3.6%.
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However, the pre-market rise in the U.S. stock market was also influenced by news that President-elect Joe Biden won the election. Twitter users commented, saying, "The stock price is rising because President Trump lost the election."
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