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.
Thanks to worldwide monetary easing and fiscal stimuli that generated money for investment, global stock markets have recovered faster than real economies. Such a development created some high-flying Asian companies that investors hoped would become the next Tencent Holdings or Alibaba Group Holding -- Asia's two most valuable companies, each now worth around $700 billion.