Because all their customers are in countries that didn't curb it.
Everyone else follows America. US equities are half the value of all equities in the world.
I would guess that Asia is an export economy largely to the rest of the world so tends to correlate with the rest of the worlds performance. However, the P/E ratios are likely lower than what you'd find in the developed world so there might be some opportunity for good gains when the broader economy picks up.
Because there was a gigantic flight to the US dollar in March. Pretty much every single asset across the board (yes, including safe havens like gold and US treasuries) fell versus the USD.
Answered by user4020 on January 4, 2022
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