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ASEAN nations have every reason to dread 2022

Singapore the only bright spot as markets punish complacency

| Southeast Asia
A woman receives a shot of the Sinovac vaccine at the Patriot Candrabhaga Stadium in Bekasi on the outskirts of Jakarta on July 1: a government's success or failure in delivering vaccinations seems a better economic indicator than GDP.   © AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Southeast Asia stocks are taking a walloping that mirrors the fragility of markets after 22 months of pandemic life. The bigger point, though, is who should be reflecting on the image in the looking glass.

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