financetom
World
financetom
/
World
/
Tourism shares drag down Nikkei amid China-Japan spat over Taiwan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tourism shares drag down Nikkei amid China-Japan spat over Taiwan
Nov 16, 2025 7:22 PM

TOKYO, Nov 17 (Reuters) - Japan's Nikkei share average

fell in choppy trade on Monday, as tourism-related stocks

tumbled amid an escalating diplomatic spat with China over

Taiwan.

The Nikkei was down 0.5% at 50,135.31, as of 0218

GMT, after rising as much as 0.4% earlier in the session. The

broader Topix fell 0.67% to 3,337.38.

China on Friday cautioned its citizens against visiting

Japan in the spat sparked by comments from Japanese Prime

Minister Sanae Takaichi.

Takaichi said this month that a Chinese attack on Taiwan

could amount to a "survival-threatening situation", potentially

triggering a military response from Tokyo.

Shares of department stores fell, with Isetan Mitsukoshi

Holdings ( IMHDF ) down 10.87%. Takashimaya ( TKSHF ) lost 6.52%,

while cosmetics maker Shiseido ( SSDOF ) fell 9.5%. Uniqlo-brand

owner Fast Retailing ( FRCOF ) lost 5.5% to become the biggest

drag on the Nikkei.

"Market reaction to those stocks was a little bit too much.

Investors might have priced in all the bad news regarding the

relationship between China and Japan," said Shoichi Arisawa,

general manager of the investment research department at

IwaiCosmo Securities.

"I do not think the sell-off of those stocks would

continue."

Lending some support to the market, technology stocks rose

as investors scooped up chip and artificial intelligence-related

shares on dip.

SoftBank Group gained 3% to become the biggest

support for the Nikkei. Fujikura ( FKURF ), a maker of fibre

optic used at AI data centres, rose 2%, while Mitsui Kinzoku ( XZJCF )

, a maker of data centre materials, jumped 7%.

Sumitomo Mitsui Financial Group ( SMFG ) rose 3.8% after the

country's second-largest banking group posted a 57% rise in

July-September quarter net profit on Friday.

Mitsubishi UFJ Financial Group ( MUFG ) and Mizuho Financial

Group ( MFG ) slipped 1.5% and 0.32%, respectively, even as

they posted higher quarterly net profits.

(Reporting by Junko Fujita; Editing by Subhranshu Sahu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
China yuan falls to four-month low, state banks step in
China yuan falls to four-month low, state banks step in
Mar 21, 2024
(Updates to midday) SHANGHAI, March 22 (Reuters) - China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency. In the spot market, the onshore yuan fell to the weak side of the psychologically important 7.2 per dollar level to hit a low of...
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
GLOBAL MARKETS-Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE, March 22 (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the...
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
GLOBAL MARKETS-China gloom sucks life out of Asia's rate cut cheer
Mar 21, 2024
(Recasts to lead on Chinese markets, updates prices) By Rae Wee SINGAPORE, March 22 (Reuters) - Chinese stocks were a sea of red on Friday and the yuan fell sharply, dragging down the broader mood in Asia and putting a dent in the rate cut rally after a surprise move from the Swiss National Bank had investors wagering on who...
Asia shares on a roll as SNB kicks off rate cuts
Asia shares on a roll as SNB kicks off rate cuts
Mar 21, 2024
SINGAPORE (Reuters) - Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the Swiss National Bank had investors wagering who could be next. The SNB's 25 basis point rate cut on Thursday proved a shot in the arm for...
Copyright 2023-2025 - www.financetom.com All Rights Reserved