ID : Strategy - Anticipating Covid-19 surge post-Lebaran

Based on past experience and anecdotal evidence of lax Covid-19 measures during Lebaran, there could be a spike in new cases over the coming days. The government has heightened measures, with testing and accelerated vaccinations, in anticipation of a potential spike post holidays. Market response should be muted unless the government imposes mobility restrictions, which could put banks and retail plays most at risk of a sell-off.

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