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Glove makers and net stocks see COVID-19 boom in bear market

80% of Asia300 issues fell in first half of 2020, led by airlines and energy

A waitress wearing a protective face mask and gloves serves food to customers in Tokyo. The new coronavirus pandemic has lifted the shares of companies such as Malaysia's Top Glove, which makes medical gloves.   © Reuters

BANGKOK -- Malaysian glove makers are among the few companies whose shares are benefiting from the novel coronavirus pandemic, as Asia demands higher standards of public hygiene.

Among the roughly 320 components of the Nikkei Asia300 stock index, only 58 issues, or 18%, have risen in the first half of 2020, while more than 260 have lost ground. Overall, the Asia300 stock index was down 7.5%, at 1288.36, as of Tuesday's close.

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