Korea, Japan Reopening Stocks Gain on End of China’s Quarantine
- Lotte Tour jumps as much as 7.7% in Seoul, Shiseido gains 7.1%
- ‘A little early’ to be certain on timeline, LightStream says
The arrival lobby of Haneda Airport in Tokyo.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
Travel and consumer stocks in Asia advanced along with many of the region’s currencies, as traders bet popular destinations for Chinese tourists will benefit from Beijing’s move to end quarantine for travelers.
Taiwan’s Phoenix Tours International Inc. climbed as much as 10% while Korea’s Lotte Tour Development Co. rose 7.7%. Among makers of cosmetics popular with Chinese consumers, Shiseido Co. jumped 7.1% in Tokyo and Amorepacific Corp. gained 6.4% in Seoul.