Stocks in Asia Pacific jumped on Tuesday morning after American biotech firm Novavax said Monday it started the first human study of its experimental coronavirus vaccine.

Japanese shares led gains among major markets in the region, with the Nikkei 225 up 2.09% as shares of index heavyweight Fast Retailing jumped more than 4%. The Topix index also gained 1.56%. The moves came after Japan’s Prime Minister Shinzo Abe announced Monday that the state of emergency will be lifted in the last five of the country’s 47 prefactures, according to state broadcaster NHK.

Hong Kong’s Hang Seng index also saw robust gains, adding 1.54% in early trade. Mainland Chinese stocks edged higher, with the Shanghai composite up 0.42% while the Shenzhen composite advanced 0.694%.

South Korea’s Kospi also gained 1.29% as shares of

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