Japan’s Olympic Medal Haul Lifts a Group of Unusual Stocks
- Shares with links to medal winners outperforming in Tokyo
- Japan has 11 gold medals so far including judo, table tennis
Mima Ito and Jun Mizutani react after winning their Mixed Doubles Gold Medal match on July 26.
Photographer: Steph Chambers/Getty Images
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With Japan’s Olympic team outperforming all expectations at the Tokyo Games so far, some unlikely stocks in the host nation are seeing the benefits.
In an Asian stock market pummeled by a Chinese regulatory crackdown this week, Japan’s haul of 11 gold medals is lifting everything from real estate stocks to the shares of seafood vendors with the most tenuous of links to the medalists. Park24 Co. -- a car park and vehicle-sharing operator -- is up over 6% this week after Japan’s judo team, many of them employees of the company, won every men’s gold medal so far as well as multiple women’s medals.