Some of Japan’s top tourism and retail stocks suffered deep losses in intraday tard on Monday, even as the key index Nikkei declined by almost a per cent after China warned its citizens against travelling to the country amid escalating diplomatic tensions between the two Asian nations.
Shares of Shiseido Co., a major cosmetics company, crashed 11.4 per cent during the session, while those of Pan Pacific International Holdings, a major Japanese retail company which operates Don Quijote retail stores, plunged almost 10 per cent.
Meanwhile, Nikkei, CSI 300, and SSE Composite Index declined by almost a per cent during the session, underscoring weak market sentiment.
(This is a developing story. Please check back for fresh updates.)
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