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The Presence of the Covid-19 Vaccine Brighter, Financial Markets Add …

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JAKARTAFinancial market currently very optimistic about the scenario of gradual availability of vaccines next year. The market believes a vaccine will make economic recovery will happen soon.

(Also Read: WHO Called Covid-19 Can Be Controlled With Vaccines)

Investama Director Hans Kwee said, starting with Pfizer and BioNTech, which stated that the vaccine test was 95% effective against the corona virus. Now Moderna also claims the vaccine developed has an efficacy of 94.5% against Covid-19.

“After that, there were AstraZaneca and Oxford vaccines from England which released the success of making a vaccine with a 70% effectiveness rate against Covid-19 after the 3rd phase of testing. The presence of these vaccines made the stock market very optimistic that economic recovery would happen soon,” he said. Hans Kwee in Jakarta, Sunday (29/10/2020).

Moreover, the AstraZeneca and Oxford vaccines for the Covid-19 virus are called the global Covid-19 virus vaccines because they are thought to be cheap. However, the AstraZeneca vaccine is facing challenges after the company revised the effectiveness of its vaccine from 90% to 70%.

“This is from the results of final trials in the UK and Brazil. There was a small group of volunteers who accidentally got a lower dose and resulted in a success rate of up to 90%,” he said.

(Read Also: BI: Global and Domestic Economic Recovery Continues)

In the larger group with the normal dose, the effectiveness rate was only 62% lower. Many scientists say testing in this small group can be interpreted as producing “false readings”. “This has become a negative sentiment for global vaccine development,” he added.

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