[Featured Stocks] Overseas Travel Becoming Easier... Tony Moly Up 6.8% and Other Cosmetics Stocks Rise

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] Cosmetic stocks are showing an upward trend during trading hours.

At 10:15 a.m. on the 26th, Tony Moly rose 6.84% compared to the previous trading day. In addition, Able C&C (3.68%), Clio (2.7%), Korea Cosmetics Manufacturing (2.33%), It's Hanbul (1.9%), Amorepacific (1.6%), and AmoreG (1.6%) also increased. The expectation that overseas travel may become freer, as the Japanese government partially lifts travel restrictions, appears to be reflected in the stock prices.

The Japanese government has decided to ease the requirement for submitting PCR negative certificates for those who have received three or more COVID-19 vaccine doses starting from the 7th of next month. The daily entry cap will also be expanded to 50,000 people, and discussions are underway to allow foreign package tours without travel agency staff accompanying them.

Our government is also reportedly reviewing plans to sequentially abolish COVID-19 testing starting with short-distance travel destinations such as Japan and China. Currently, domestic entrants must submit a negative genetic amplification (PCR) test within 48 hours before entry or a negative rapid antigen test (RAT) within 24 hours, and must undergo another PCR test within one day after entry.