The resurgence of the Covid weighs on the Asian stock markets

Posted on Apr 21, 2021, 5:22 PMUpdated Apr 21, 2021, 5:37 PM

The coronavirus is once again threatening to contaminate the stock markets. The resurgence of the epidemic in Asia has calmed the enthusiasm of investors, while the region lags increasingly behind on the vaccination front compared to the United States or Europe. The MSCI Asia-Pacific Index has fallen nearly 6% since February 16, as global markets climbed more than 3% over the period. It was down more than 1% on Wednesday, its biggest drop in more than a month. A fall all the more severe as the region had shone on the stock market at the very beginning of the year.

Markets that have bet heavily on reopening and have relaxed social restrictions may find themselves in difficulty in the face of a rebound in Covid and its variants “, Underlines Paul Sandhu of BNP Paribas Asset Management, quoted by Bloomberg. ” Markets with high vaccination rates somewhat escape this downside risk He adds.

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