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Tech manufacturers were some of the biggest gainers and Chinese education companies among the losers on Asian stock markets in 2021. (Source photo by Getty Images and Lasertec) 
Market Spotlight

Asia's lesser-known tech manufacturers shine in 2021 stock market

Chinese education companies are biggest losers; Alibaba and Tencent tumble

KENTARO IWAMOTO, Nikkei staff writer | China

SINGAPORE -- Semiconductor equipment makers from Japan and China were among the biggest winners of Asia's stock market in 2021, doubling their valuation from the end of last year amid robust demand for high-tech manufacturing.

Following last year's COVID-driven stock market boom, which generated high-flying digital companies, Asian stock markets had a relatively tough year in 2021, with China's regulatory crackdowns weighing on many of the country's -- and the region's -- most significant stocks. But global chip demand has given rise to some lesser-known companies, with logistics and financial companies also growing as the economy gradually recovers from the pandemic.

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