Asian shares mostly rise on virus vaccine, Yellen hopes

TOKYO (AP) — Asian shares were mostly higher Tuesday, encouraged by news on the development of coronavirus vaccines and more assurance for a transition of power in the U.S. to President-elect Joe Biden. The U.S. federal government recognized Biden as the “apparent winner” of the Nov. 3 election, giving the green light for cooperation on a transition of power despite efforts by President Donald Trump to overturn the election. Japan's benchmark Nikkei 225 jumped 2.5% to 26,159.97 in afternoon trading. Australia's S&P/ASX 200 gained 1.3% to 6,644.10. South Korea's Kospi added 0.6% to 2,617.05. Hong Kong's Hang Seng inched up less than 0.1% to 26,500.81, while...