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Hong Kong's Fading Autonomy; Moderna in Vaccine Spotlight; Sony Hopes for PS5 Cash Cow: World Brief
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November 12, 2020
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2:56Now PlayingWORLD NEWSHong Kong’s autonomy is fading. While hugely significant politically and for society, it's becoming irrelevant for investors. The same day that pandemocratic legislators announced they would quit en masse in protest against new rules allowing disloyal lawmakers to be disqualified, the MSCI Hong Kong Index jumped to an almost ninemonth high and the city’s currency was little moved.
It’s Moderna Inc.’s time to be in the spotlight. The same U.S. explosion of Covid19 cases that helped Pfizer Inc. get results for its vaccine trial earlier this week is helping speed along Moderna’s trial. Moderna said Wednesday its study has accumulated more than 53 infections, allowing a preliminary analysis of the shot’s effectiveness to begin.
Sony PlayStation 5 video game console went on sale Thursday, a key test of the Japanese company’s ability to sustain its biggest growth engine during a coronavirusera gaming boom.
More on these big stories in business at Bloomberg.com.
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