Temasek Holdings Pte’s biggest equity shareholdings and those of its subsidiaries have plunged almost $24 billion since January as the spreading coronavirus sends markets into spasms.
…
Temasek’s top 12 equity holdings by market value were worth a combined $73.8 billion on Jan. 2 but had fallen to $50.3 billion as of March 20. This includes shares in which the firm is deemed to have beneficial interest, such as Thai mobile phone operator Advanced Info Service Pcl, which is part-owned by Temasek subsidiary Singapore Telecommunications Ltd.
…
Singtel is the biggest source of the decline, with Temasek’s majority stake in the business slumping $7.4 billion. Next is Southeast Asia’s biggest bank, DBS Group Holdings Ltd., down $5.3 billion. Temasek’s interest in Singapore Airlines, which on Monday slashed capacity by 96% amid the escalating outbreak, has declined $1.7 billion.
Source: Temasek Biggest Shareholdings Fall $23.5 billion in Three Months – Bloomberg