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The market capitalization of Sea, a Singapore-based company that operates the e-commerce site Shopee, mainly in Southeast Asia, surged more than fivefold in 2020, driven by growing demand for online shopping under the COVID-19 pandemic. (Source photo courtesy of the company)
Market Spotlight

Sea and BYD biggest winners among major Asia stocks in 2020

TSMC joins global top 20 in market cap, as analysts say market rally still has legs

KENTARO IWAMOTO, Nikkei staff writer | Singapore

SINGAPORE -- Singapore's internet services group Sea, Chinese electric vehicle maker BYD and e-commerce platform Pinduoduo were Asia's top three gainers in the stock market this year as investors flocked to companies that continued to grow throughout the COVID-19 pandemic.

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