Tokyo stock market tourism-related stocks plummet.

Due to investors' concerns about the deterioration of Sino-Japanese relations leading to a decrease in visitors to Japan, tourism-related stocks such as department stores, transportation, and consumer companies in the Tokyo stock market were sold off by investors today, with some stocks dropping by more than 10%. A strategist at Mitsubishi UFJ Morgan Stanley Securities pointed out that investors anticipate that travel advisories and warnings from the Chinese government will have a negative impact on the performance of related companies, leading to a swift sell-off of these stocks. According to data from the Japan National Tourism Organization cited by the U.S.-based Consumer News and Business Channel, nearly one-fifth of international visitors to Japan in 2024 come from China, totaling around 7 million. A researcher at Nomura Research Institute in Japan predicted that the Chinese government's travel advisories could result in a decrease of approximately 2.2 trillion yen in tourism expenditure in Japan in the next year, dragging down Japan's real GDP by 0.36%.