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Shares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired.

(AP Photo/Eugene Hoshiko)Shares fell back in Asia on Thursday after markets worldwide rallied on rising hopes for a COVID-19 vaccine.

Investors see a vaccine as the best way for the economy and human life to get back to normal.

But that news, plus a report that China’s economy grew 3.2% in annual terms in April-June failed to sustain the rally, as rising numbers of confirmed coronavirus cases clouded the outlook.

Rising numbers of infections and deaths from the COVID-19 pandemic remain a constant source of uncertainty.

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