TOKYO -- Asian stock markets are sharply underperforming the rest of the world in the third quarter, as global investors retreat from the region in the face of worsening COVID-19 case numbers and new lockdowns.
Fund managers and strategists say the outlook for the remainder of the year depends on vaccinations progressing -- but even then the region may struggle to attract inflows as the U.S. tightens monetary policy to the detriment of other markets and China continues a regulatory crackdown on its largest companies.
