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Tokyo Zoo Panda Gives Birth, Sending Shares in Retailers Surging

  • Ueno Zoo panda Shin Shin gives birth to at least one cub
  • Shares in nearby Chinese eatery Totenko surge as much as 38%
Shin Shin eats bamboo at Tokyo's Ueno zoo on May 24, 2017.

Shin Shin eats bamboo at Tokyo's Ueno zoo on May 24, 2017.

Photographer: Kazuhiro Nogi/AFP via Getty Images

Tokyo’s main zoo welcomed a baby panda for the first time in five years, sending shares of nearby restaurant operators surging on hopes of a boost to tourism in the central metropolitan area.

Officials at the Ueno Zoological Gardens were able to confirm that giant panda Shin Shin gave birth to at least one cub, according to a statement. National broadcaster NHK sent out an urgent breaking news bulletin to relay the news, sending shares in nearby restaurant operators Totenko Co. and Seiyoken KK surging in the afternoon session.