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Markets

Chinese lockdowns take toll on stocks with big China exposure

Woodside and Shiseido suffer more than rivals less reliant on Asia's top economy

Workers in protective suits ride electric scooters during the lockdown in Shanghai, which is set to be lifted in June.   © Reuters

TOKYO -- From energy to consumer stocks, shares in big global companies that depend heavily on China have lost ground as coronavirus lockdowns stall economic activity there.

Tesla, Volkswagen, U.S. chipmaker Nvidia and Australian oil and gas producer Woodside Petroleum were among the notable decliners from the end of March to Tuesday among roughly 800 companies with a market capitalization of at least $10 billion that do business in China but are not based there.

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