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'It's Like a War': Inside an India Hospital Desperate for Oxygen msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
The MSCI Asia Pacific Index is on track to underperform its global counterpart for a third straight month in April its worst streak since 2019 as new infections rocket past other regions. Foreign investors withdrew about $1.8 billion from emerging Asia stocks excluding China last week, according to latest available data compiled by Bloomberg, and global money managers appear less optimistic on near-term prospects. “Vaccinations are being rolled out, but slow enough that lockdown risks are still real in many places,” said Joshua Crabb, a portfolio manager at Robeco in Hong Kong. “It makes sense to keep a mix of beneficiaries of reopening and some more defensive names whilst keeping a little in reserve to buy any selloff in the event markets sell off more aggressively.” ....
Virus Surge and China Are Muddying the Bullish Asian Stock Story msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
India’s Covid Crisis Saps Fuel Demand in Warning to Oil Recovery Bloomberg 1 hr ago Debjit Chakraborty and Saket Sundria (Bloomberg) India’s deadly second Covid-19 wave has brought an abrupt halt to its nascent recovery from the pandemic, with the resurgence expected to drag on fuel demand for weeks in a setback for the global oil market. The combined consumption of diesel and gasoline in April is poised to plunge by as much as 20% from a month earlier due to renewed restrictions, including a week-long lockdown in the capital New Delhi, according to officials from top refiners and fuel retailers. While major oil processors were still buying crude recently, there are signs starting to emerge that refining operations will likely need to be scaled back to adjust for plummeting demand. ....
Even Record Death Toll May Hide Extent of India’s Covid Crisis Bloomberg 1 hr ago Upmanyu Trivedi and Sudhi Ranjan Sen (Bloomberg) Bodies piling up at crematoriums and burial grounds across India are sparking concerns that the death toll from a ferocious new Covid-19 wave may be much higher than official records, underplaying the scale of a resurgence that is overwhelming the country’s medical system. Several cities across the South Asian nation have reported shocking details of bodies, wrapped in protective gear and identified by hospitals as virus-related deaths, lined up outside crematoriums for hours. Accounts collated by Bloomberg from relatives of the dead and workers and eyewitnesses at crematoriums in at least five cities indicate that the real number of Covid fatalities could be significantly higher than the deaths being reported by local government health departments. ....