War, lockdowns erode major Asian stocks

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	Asia Daily Briefing - War, lockdowns erode major Asian stocks May 2, 2022

	MARKET SPOTLIGHT: Ukraine war, China lockdowns drag down 70% of Asia's biggest equities TOKYO/HONG KONG -- About 70% of Asia's biggest companies -- including Tencent, TSMC and Samsung Electronics -- lost value in the first two months of Russia's invasion of Ukraine, with investors spooked by the economic fallout from the war and the impact of tough new COVID-19 lockdowns in manufacturing powerhouse China.   But the value of energy and commodity companies in India, Thailand and Malaysia rose as their output commands higher prices. Read more.
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