Graphic: Dashboard of Japan stocks with a stake in successful Tokyo Olympics
23/03/2020 07:00
* Interactive graphic tracking global spread of coronavirus:
open
https://tmsnrt.rs/3aIRuz7 in an external browser.
March 23 (Reuters) - Japanese stocks banking on the success
of the Olympics this year surged on Monday, after sharp falls in
prior weeks, bolstered by the International Olympic Committee's
(IOC's) comments that it was looking to delay but not cancel the
Tokyo Games.
Shares of travel agent H.I.S. Co Ltd 9603.T and audio and
visuals firm Hibino Corp 2469.T rose more than 10% each, while
advertising firm Dentsu Group 4324.T and sportswear maker
Asics Corp 7936.T added over 5% each.
The IOC is stepping up its "scenario planning" for the
Tokyo 2020 Games - including a possible postponement - as the
coronavirus pandemic spreads, it said after an emergency meeting
on Sunday. urn:newsml:reuters.com:*:nL8N2BF0WT
Japan's Olympics-related shares have slumped this year on
worries the spread of the coronavirus pandemic across the world
would jeopardise the event, slated to begin in late July.
More than 14,000 people have died globally since the
coronavirus outbreak began in China late last year. As of Monday
morning, Japan had 49 deaths and 1,813 infections. urn:newsml:reuters.com:*:nL8N2AB5TN
Japanese Prime Minister Shinzo Abe on Monday said for the
first time that the Tokyo Olympic Games may need to be postponed
if they cannot be held in their "complete form" due to the
coronavirus pandemic. urn:newsml:reuters.com:*:nL4N2BG02Z
Advertising firm Hakuhodo DY Holdings Inc 2433.T and
sporting goods maker Mizuno Corp 8022.T each rose about 3% on
Monday.
The following charts show how market prices and valuations
of these firms have changed over the past couple of months.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Weekly performance of Japanese companies directly involved in
Olympics 2020 https://reut.rs/2WAUoRD
Change in P/E ratios of Olympics-involved stocks https://reut.rs/2xjZB5K
Percentage change in 2020 consensus earnings estimates https://reut.rs/33Irh0j
Weekly performance of some domestic sponsors of the tournament
https://reut.rs/3bd4kF4
Index comparison https://reut.rs/2Jamuv8
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(Reporting by Gaurav Dogra and Patturaja Murugaboopathy;
Editing by Tom Hogue)
((gaurav.dogra@thomsonreuters.com; +91(080) 67496197;))