Skip to content
Subscriber Only

Restaurant Stock Leaps 29% on Report of Panda Pregnancy at Tokyo Zoo

Shin Shin at Tokyo's Ueno zoo in 2017.
Shin Shin at Tokyo's Ueno zoo in 2017.Photographer: Kazuhiro Nogi/AFP/Getty Images
Updated on

Shares of a Tokyo-based Chinese restaurant operator surged after a nearby zoo said one of its pandas may be pregnant, stoking investor speculation of increased foot traffic in the area.

Totenko Co. stock jumped as much as 29%, the most in almost four years, after Ueno Zoo said that its giant panda Shin Shin may be expecting. The stock closed 9.4% higher after giving up much of the gains. The zoo announced in March that Shin Shin and Ri Ri had mated twice. Seiyoken, another nearby eatery, rose 8.1%, with trading more than 17 times the three-month average.