Darius McDermott: Is Asia ready to lead global markets?

Is the direction and leadership of global equity markets set for change in 2021? JP Morgan (JPM) believes crises have historically led to secular shifts in markets, pointing to the dotcom boom in 2000 ending the dominance of US growth companies in favour of strong performance for value, emerging markets and European equities as an example. The same can be said for the rise of the US post-the Global Financial Crisis. On this occasion, the global pandemic clearly is a tipping point in markets. China, South Korea, and Taiwan have been praised for their strong response to the pandemic. Al...