Covid-19 resurgence, slow vaccination roll-outs, external risks diminish Asia's recovery prospects

Singapore

AN uneven pace of economic recovery across Asia has weighed on the performance of Asian stocks, analysts said, even as many other markets recover on the back of vaccination optimism.

Year to date (YTD), the S&P 500 has surged ahead with a 15.64 per cent gain. The MSCI World Index is not far behind, up 13.11 per cent, based on Bloomberg data.