As it happened: Vaccine rally fades, ASX still adds 0.7%

Summary

• The ASX200 rose 2.2% at the open to hit an eight-month intraday peak of 6438, before fading to close 0.7% ahead at 6340.5
• The early jump followed an overnight global markets rally sparked by Pfizer announcing a 90% effectiveness in its COVID-19 vaccine
• Futures point to modest declines in Wall Street tonight with the S&P500, Dow and NASDAQ E-mini futures down 0.8%
• Japan's Nikkei index reached a 29-year high when it broke through 25,000 points for the first time since 1991 today