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Asia's lead in virus recovery not showing in stock markets

Retail stockpickers seek bargains but U.S.-China tension deters long-term investors

Fund managers across the region are sifting for bargains and deploying their cash in defensive plays such as health care and technology stocks that are primed to benefit from the virus-led lockdowns. (Photo by Kosuke Imamura)

HONG KONG/TOKYO -- Asia's head start over the rest of the world in reopening its coronavirus-hit economies is not reflected in the region's share indexes, with recoveries lagging those in developed markets.

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