These Asian Stocks Have Benefited the Most From Virus Crisis
- Nine financial stocks got booted from top 100 Asian companies
- ‘The strong get stronger and the weak get weaker:’ JPM Asset
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The coronavirus pandemic is accelerating the reshuffle in Asia’s stock market with those prospering in the health crisis surging to rank among the region’s leaders.
Here are some examples: factory-automation specialist Keyence Corp. briefly became Japan’s second-largest stock after Toyota Motor Corp, while biotechnology firm CSL Ltd. knocked out Commonwealth Bank of Australia as the benchmark leader Down Under. Online shopping and gaming firm Sea Ltd. surged to become the most-valuable company in Southeast Asia, and Korean drugmaker Celltrion Inc. marched into the nation’s top five ranking by market value.