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Companies in upstream and midstream industries such as coal, steel, chemical, construction and building materials, made the largest improvement in business performance. For example, A-share listed steel companies made a loss in the first quarter of last year and became profitable in the following three quarters.

Compared with Taobao and Kuaishou, another major short-video platform in China, Douyin's livestreaming business in the e-commerce sector has performed below expectations. Statistics from the Everbright Securities show China's livestreaming market in e-commerce sector is expected to reach 440 billion yuan in 2019, with Taobao accounting for 250 billion yuan, Kuaishou 150 billion yuan and Douyin merely 40 billion.

Commercial Aircraft Corp of China (COMAC), the manufacturer of the C919, said the successful long-haul flight is yet another milestone as it enters the airworthiness certification phase.

Commenting on matters discussed at the IAC on Monday, Erwan Beauvois, a space operations engineer from Thales Alenia Space in France, tweeted: "Dodging the spicy questions:-/ so many people asked about China and international cooperation. M. Pence's speech of this morning surely didn't resonate well to most of the international partners either. #IAC2019"

Companies that make cleaning and disinfectant products, such as Clorox, Procter & Gamble and Kimberly-Clark, however, have seen their shares rise recently as a result of the virus.