SINGAPORE -- The coronavirus pandemic disrupted business across Asia in the first quarter 2020, forcing leading companies from China Petroleum & Chemical (Sinopec) to Toyota Motor to post their weakest earnings in years.
According to QUICK-FactSet data, 22 of 32 Asian powerhouses with market capitalizations over $50 billion at the end of December, excluding financial institutions, reported losses or lower first-quarter net profits than a year earlier.
