Herd immunity to Covid-19 may be a ways off still. But investors seem immune to worrying about it, for now.
Covid’s so-called Delta variant is marching across the East Asian growth belt. Regional giant Indonesia lately seized the crown of pandemic epicenter, with cases quadrupling in a month. Markets remain largely unperturbed. “Our baseline scenario is that this won’t be very disruptive,” says Alejo Czerwonko, chief investment officer for Americas Emerging Markets at UBS Global Wealth Management.
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