Japan and South Korea tourism stocks increase

Friday, August 11, 2023

China’s resolution to open the doors again for group excursions to Japan and South Korea gave rise to
a burst of buying in merchandize, makeups and travel stocks in Seoul and Tokyo.

Stocks in Japan extending from Shiseido Co., a cosmetics maker to Takashimaya Co. a department
store operator escalated after the Nikkei said that China would permit collective trips in the country.

Korean travel-linked stocks comprising Hana Tour Service Inc. soared after China said that it might
declare a conclusion to its prohibition on group trips.

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