Japan’s tourism-exposed stocks fell on Monday as tensions with China intensified after Beijing issued a travel and study alert for Chinese citizens considering going to Japan.
Beauty and cosmetics firm Shiseido , which relies heavily on Chinese spending, plunged 11%. Isetan Mitsukoshi Holdings , the parent company of the Mitsukoshi and Isetan department-store chains, lost over 10%.
Oriental Land , operator of Tokyo Disney Resort, declined 4.74%. Shares of airline operator ANA Holdings fell 3.48%. Hankyu Hanshin Holdings , a rail, retail and hotel operator, was more than 2% lower.
Beijing’s travel advisory cited rising risks for Chinese nationals following remarks by Japanese Prime Minister Sanae Takaichi that the use of military force in any Taiwan conflict could be deemed a
Japan travel stocks sink as China-Japan spat deepens
