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Asia shares set to follow Wall Street rally on vaccine hopes

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Hong Kong futures were up 1.8% and Australian shares were also set to open higher. Asian shares were set to rise on Tuesday after data from an early-stage trial for a coronavirus vaccine lifted hopes for a near-term economic recovery, sending global equity markets and oil prices surging.

Hong Kong futures were up 1.8% and Australian shares were also set to open higher. Nikkei futures were trading above the Nikkei 225 index's <.N225> previous close, pointing to an opening gain of about 2%.

Data from Moderna Inc's COVID-19 vaccine, the first to be tested in the United States, showed that it produced protective antibodies in a small group of healthy volunteers, the company said on Monday.

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