SINGAPORE/SYDNEY, Oct 28 (Reuters) – Fashion brands and airlines are creeping back into investors’ good graces in Asia as lockdowns ease and vaccination rises, boosting travel and leisure activities, taking some shine off pandemic stalwarts such as supermarkets and gadget makers.
Earnings report cards show that people are spending less time watching TV or shopping online for groceries as they resume dining out or plan vacations after emerging from coronavirus curbs. Luxury purchases from China’s big spenders, still unable to travel abroad, are also rebounding.
Asia-Pacific airlines are offering more flights as some countries resume domestic travel, and some like Singapore allow quarantine-free travel for select vaccinated visitors. Australia’s planned reopening of state and international borders has led to a surge in bookings. read more
“There is massive demand for loved ones wanting to