Japan Retail, Tourism Shares Fall After China Travel Warning [Yahoo! Finance Canada]
SHISEIDO CO LTD S/ADR (SSDOY)
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Source: Yahoo! Finance Canada
Cosmetics giant Shiseido Co. ( SSDOF 4911.T ) plummeted 9% while department store operator Isetan Mitsukoshi Holdings ( IMHDY 3099.T ) lost over 11%, their steepest drops since April. The two companies are popular with Chinese tourists. Tokyo Disney Resort parent Oriental Land Co. and Muji operator Ryohin Keikaku Co. were also among the Nikkei 225 ( ^N225 ) benchmark's biggest decliners. Shiseido Company, Limited (4911.T) Most Read from Bloomberg The declines followed Beijing's warning to students planning to study in Japan, of heightened risks for Chinese citizens in the country — a directive that came after Prime Minister Sanae Takaichi said military force used in any Taiwan conflict could be considered a “survival-threatening situation.” Japan is sending a senior diplomat to China Monday to calm tensions, NHK reported. China's warning threatens Japan's tourism momentum — one of few bright spots in a shrinking economy. Chinese tourists were the top spenders among all fore
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News
- Shiseido (OTCMKTS:SSDOY) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating.MarketBeat
- Assessing Shiseido (TSE:4911) Valuation Following Recent Share Price Decline [Yahoo! Finance]Yahoo! Finance
- China Escalates Japan Spat With Threats of Economic Reprisal [Yahoo! Finance Canada]Yahoo! Finance Canada
- China Escalates Japan Spat With Threats of Economic Reprisal [Yahoo! Finance]Yahoo! Finance