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Coronavirus

Asia's winners and losers from mayhem in the markets

The dramatic slump in the oil price has rattled investors but some sectors could see shafts of light

Plunging oil prices have thrown markets into chaos and left some companies facing serious challenges.   © Reuters

TOKYO -- Businesses across Asia already reeling from the spread of the new coronavirus now have new problems to contend with. This week's dive in oil prices, and the market upheaval triggered around it, risks changing the landscape in which many companies operate.

The region's oil companies are most directly exposed to the crude price war started by Saudi Arabia, which now represents the fiercest of operating headwinds. "The price collapse could be the trigger for a new phase of deep industry restructuring," said Wood Mackenzie, the energy consultancy.

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