Suzuki Motor (TSE:7269, Financial) was among the largest relative performance detractors. The carmaker’s Indian subsidiary Maruti Suzuki has faced near-term cyclical challenges as its operations have been temporarily halted due to the coronavirus. Nevertheless, we retain our conviction in the stock, given Suzuki Motor’s solid balance sheet and long-term growth potential in India.
From the T. Rowe Price Japan Fund (Trades, Portfolio)'s 2020 semi-annual shareholder letter.
