World Cup Stocks Rise in Tokyo as Japan Upsets Spain to Advance
- CyberAgent, Mizuno gain after Japan finishes at top of group
- Japan will face Croatia in first match of knockout stage
Japan's midfielder #08 Ritsu Doan after the Qatar 2022 World Cup Group E football match between Japan and Spain in Doha on Dec. 1.
Photographer: Jewel Samad/AFP/Getty Images
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Some stocks related to sports and entertainment climbed in Tokyo after Japan’s surprise defeat of Spain to advance to the next round of the World Cup in Qatar.
Shares of CyberAgent Inc., which is broadcasting all the games for free in Japan on its Abema streaming service, jumped as much as 7.3%. Sporting goods maker Mizuno Corp. gained as much as 5.3%, while small-cap pub chain operator Hub Co. surged as much as 15%.