These Are the Winners and Losers in Japan’s 2020 Stock Market
Bloomberg 12/30/2020 Kurt Schussler
(Bloomberg) More time at home, reduced mobility and billionaire Masayoshi Son helped drive stocks in Japan in 2020, as the coronavirus pandemic became the dominating force separating winners from losers.
While the stay-at-home trend boosted game makers and online retailers including Nexon Co. and Mercari Inc., heightened health concerns saw drugmakers and medical-care innovators such as M3 Inc. also feature among the biggest gainers. At the other end of this teeter-totter were companies that thrive on domestic movement and foreign tourism: stocks tied to oil and autos, railways and airlines, as well as brick-and-mortar retailers.