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Going up: A swift and effective coronavirus response helped China's stocks turn in a strong performance in 2020.   © Reuters
Market Spotlight

Emerging Asia's stock markets set to be post-COVID winners

Analysts predict strong earnings but vaccine hiccups could still spook investors

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | Southeast Asia

HONG KONG -- Emerging Asia stocks have been some of the biggest winners of the COVID-19 era thanks to the region's success in containing the virus -- and they are set to climb even further in 2021 as economies rebound and excess liquidity drives corporate earnings higher, experts say.

The MSCI Asia Emerging Market index, a gauge of the region's most-tracked stocks, climbed 63% from its March low, outperforming most of the world's markets last year, including U.S. equities.

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