Shun Lockdowns News Today

The MSCI Asia Pacific Index is on track to underperform its global counterpart for a third straight month in April — its worst streak since 2019 — as new infections rocket past other regions. Foreign investors withdrew about $1.8 billion from emerging Asia stocks excluding China last week, according to latest available data compiled by Bloomberg, and global money managers appear less optimistic on near-term prospects. “Vaccinations are being rolled out, but slow enough that lockdown risks...

India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery Bloomberg 1 hr ago Debjit Chakraborty and Saket Sundria (Bloomberg) -- India’s deadly second Covid-19 wave has brought an abrupt halt to its nascent recovery from the pandemic, with the resurgence expected to drag on fuel demand for weeks in a setback for the global oil market. The combined consumption of diesel and gasoline in April is poised to plunge by as much as 20% from a month earlier due to renewed re...

Even Record Death Toll May Hide Extent of India’s Covid Crisis Bloomberg 1 hr ago Upmanyu Trivedi and Sudhi Ranjan Sen (Bloomberg) -- Bodies piling up at crematoriums and burial grounds across India are sparking concerns that the death toll from a ferocious new Covid-19 wave may be much higher than official records, underplaying the scale of a resurgence that is overwhelming the country’s medical system. Several cities across the South Asian nation have reported shocking d...

India Cases Jump by Global Record; Vaccine Access: Virus Update Bloomberg 2 hrs ago Bloomberg News (Bloomberg) -- India posted the world’s biggest one-day jump in coronavirus cases, with the number surging beyond 300,000 as a deadlier second wave shows no signs of abating in the South Asian country and leaves hospitals crammed with patients and short of oxygen. Singapore and Hong Kong called off plans to announce an air travel bubble, people familiar said, while the southeas...