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Business trends

Tencent and China tech prove resilience amid regional stock shock

87% of major Asian companies lost market cap with Indian banks hit hardest

Out of Asia's 19 companies with a market cap exceeding $100 billion, Tencent was the only company that maintained year-end value in the first quarter.   © Reuters
KENTARO IWAMOTO, Nikkei staff writer | China

SINGAPORE -- Investor concern over the deadly new coronavirus rattled Asian stock markets in the first quarter, forcing the region's biggest companies to shed 10% or more of market cap, including Toyota Motor, Samsung Electronics and Tata Consultancy Services.

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