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.

"The stringency in lockdown measures are inversely correlated with market performance, especially stocks sensitive to domestic demand," an emerging market strategist says. (Source photo by Tetsuya Kitayama and Reuters)
Investors shy away as infections surge and tighter US monetary policy looms