News Snapshot:
SEOUL—Asian economies are emerging as clear winners in the race to a full recovery, aided by demand from Western shoppers and success in containing Covid-19, which has helped the region keep its factories humming. China remains on track to grow nearly 2% this year, the most of any major economy, while the world is expected to contract by 4.4% and the U.S. by 4.3%, according to the International Monetary Fund. Other Asian economies are close behind China: Vietnam is expected to grow 1.6%, Taiwan is expected to be flat from...