The renewed rise in Covid-19 cases across Asia is not a big worry and the region's economy will get back on track when the outbreak eases, said an investment strategist from Citi Private Bank.
Against such a backdrop, investors could go after "Covid-impaired" stocks such as airlines and other companies in the travel and leisure sector, said Ken Peng, the bank's head of Asia investment strategy.
Peng told CNBC's "Capital Connection" on Tuesday that Asia is not experiencing a resurgence in Covid for the first time.
So I think that's not something we need to worry about too extensively," he added.
Over in India, which has the world's second-worst outbreak, daily cases have remained elevated although trending lower from record-high levels in early May, the data showed.
Ken Peng, Peng, CNBC's, Indranil Mukherjee
Citi Private Bank, AFP, Getty, Johns Hopkins University
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