Japan to dispatch senior envoy to China, NHK says, as travel warning drives tourism selloff in Tokyo
Japan’s tourism-related stocks fell amid a worsening diplomatic standoff between the two nations
Beijing issued a travel and study alert for Chinese citizens considering going to Japan.
Japan’s tourism-exposed stocks fell Monday after Beijing issued a travel and study alert for its citizens considering going to Japan.
Beauty and cosmetics firm Shiseido
, which relies heavily on Chinese spending, plunged 11%. Isetan Mitsukoshi Holdings
, the parent company of the Mitsukoshi and Isetan department-store chains, lost over 10%.
Oriental Land
, operator of Tokyo Disney Resort, declined 4.74%. Shares of airline operator ANA Holdings
fell 3.48%. Hankyu Hanshin Holdings
, a rail, retail and hotel operator, was more than 2% lower.