Markets mostly up, but virus, weak data keep traders cautious

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Hong Kong

Most stocks rose continuing this month’s vaccine-fuelled markets rally but traders moved cautiously, with an eye on virus infections across the globe that are forcing governments to impose containment measures. With at least three inoculations in the pipeline and possibly rolled out within weeks, the general mood on trading floors is upbeat for 2021, but a fresh batch of data out of the US underlined the immediate impact of the disease and the long road ahead for economies. And notes from the Federal Reserve’s latest policy meeting warned that the country’s recovery would be tougher without a new stimulus package.—AFP