Vaccine shortage holds emerging markets back from global rally

Developing-nation stocks have lagged the rest of the world since the middle of March partly on concern that vaccine shortages and delays will slow economic growth. Investors pulled US$1.3bil (RM5.3bil) out of emerging-market equity funds in the week ending April 21, the most in more than three months.(India - stock market - AFP file)

SINGAPORE: As the pandemic spins out of control from India to Argentina, the divisions between emerging and developed markets are deepening.

Developing-nation stocks have lagged the rest of the world since the middle of March partly on concern that vaccine shortages and delays will slow economic growth.