Which of the following sentences is/are correct?
1. Pakistan, India and South Korea, which are the three biggest Asian markets, excluding Japan, have seen erosion in market capitalisation of $1.4 trillion in 2018.
2. The US, UK & France have fared much better, indicating global funds could be shifting their preference away from riskier emerging markets.
3. This is attributed to rising bond yields, improved economic outlook & strengthening currency.