S.Korea's Monami, SBW jump as Japan's quarantine plan sparks boycott expectations

Shinsung Tongsang Co

06/03/2020 04:04

** Shares of SBW and Monami surge as Japan's move to
quarantine visitors from South Korea is expected to rekindle
tensions and likely trigger boycott of Japanese goods
    ** Seoul strongly protests Japan's decision to impose a
two-week quarantine for visitors from South Korea to arrest
coronavirus epidemic, calling it "unreasonable, excessive and
extremely regrettable"  urn:newsml:reuters.com:*:nS6N29P00H
    ** Shares of local underwear maker SBW  102280.KS  surge
18%, while stationery-maker Monami  005360.KS  jumps 16%
    ** Apparel maker Shinsung Tongsang  005390.KS  also adds 8% 
  
    ** A diplomatic and economic spat between Japan and South
Korea last year had seen South Koreans boycotting goods from
Japan, like clothing brand Uniqlo, owned by Japan's Fast
Retailing  9983.T , as well as Japanese beers and pens    
    ** The broader KOSPI market  .KS11  trades 2.3% lower as of
0353 GMT     

 ((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))