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Asia-Pacific Witnesses a 18,6 Percent Decline in Deal Activity

A total 215 deals were announced in the Asia-Pacific (APAC) region during the week ended March, 29, which is a decrease of 18,6 percent over 264 deals announced during the previous week, according to GlobalData’s deals database.

Globally, deal activity has been on a downward trend on the back of the coronavirus (COVID-19) outbreak, and the APAC region is no exception.

Deal activity plunged in most of the key APAC markets during the week ended March 29 compared to the previous week. While India witnessed a decline in deal volume by 63,4 percent, South Korea and China witnessed 40 percent and 4,4 percent decline, respectively. However, Japan and Australia witnessed 20,7 percent and 40 percent growth in deal volume.

Sectors such as healthcare and travel and tourism witnessed decline in deal activity during the week ended March 29, compared to the previous week. On the other hand, the retail sector witnessed improvement in deal activity.