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What impact will a coronavirus vaccine have on financial markets?

The prospect of a vaccine against Covid-19 is heartening for humanity as a whole, but it is also a game changer for market psychology. A pandemic with no end in sight elicits market responses that bear little resemblance to investment decisions incorporating optimism about a vaccine that is effective against coronavirus. From an equity perspective, independent investment research provider TS Lombard has likened the effect of the pandemic, to date, on corporate earnings as being akin to what…

Read the original article at South China Morning Post

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