There's growing evidence that economies which fought coronavirus aggressively at the start of the pandemic are bouncing back faster than those slow to act. Just look at Germany and Vietnam.
Source: Markets Insider / Shalini Nagarajan / 7 July 2020 / Tobias Schwarz / Getty

There's growing evidence that economies which fought coronavirus aggressively at the start of the pandemic are bouncing back faster than those slow to act. Just look at Germany and Vietnam.
Source: Markets Insider / Shalini Nagarajan / 7 July 2020 / Tobias Schwarz / 

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Apart from Germany and Vietnam, China has seen a speedy recovery too despite a recent spike in coronavirus cases.

"Although recovery is not back to 2019 levels, I'd say it's a good 60% of what it was before," said Ted Fang, CEO and founder of Singapore-based investment firm Tera Capital.

Smaller Asian markets will take longer to recover as inter-country travel remains restricted, he said.

Fang highlighted that several Chinese firms are intending to go public in Hong Kong, giving investors the ammunition to develop further interest across Asia— especially in technology due to scalability.

Against a backdrop of US-China tensions, investors worry over what direction markets will next take.

"China, Vietnam, the Philippines, Indonesia are good for its large consumer markets. Singapore has always been an excellent place to set up base for Asian expansion, but it has become even more important now for its talent pool, new financial incentives and connectivity," Fang said.