Virus Surge, China Are Muddying the Bullish Asia Stock...
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 are still real in many places,” said Joshua Crabb, a portfolio manager at Robeco in Hong Kong. ...
Source: dailymaverick.co.za