'Darkest before the dawn': Hard hit Asian consumer sector will rebound

"The bottom line is that this will pass"

clock • 5 min read

Like the rest of the world, Asia's economy has suffered at the hands of the spread of Covid-19 this year.

China markets have held up relatively strongly, reflecting the country's status as first in first out, but other markets have not fared so well. Year-to-date, India's Sensex has suffered a 23% hit, and South East Asia has fallen even further; the equity indices of Thailand, Indonesia and the Philippines are down 20%, 28% and 30% respectively. All three indices may have already rebounded from their March lows, but the feeling that this is 'the end of the world as we know it' lingers. We certainly don't think this is the case. In fact, we see the volatility markets are currently suff...

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