[Special Stock] Domestic Cosmetics Stocks Rise as Anti-Japanese Sentiment Intensifies in China

As anti-Japanese sentiment rises in China due to the discharge of contaminated water from the Fukushima nuclear power plant in Japan, domestic cosmetics stocks are gaining indirect benefits.

As of 9:58 a.m. on the 28th, Tony Moly was trading at 6,470 won, up 7.12% from the previous trading day. Coreana also rose 6.32% to 4,960 won, Amorepacific increased 4.56% to 133,100 won, and Clio was up 4.17% to 21,250 won.

Recently, as anti-Japanese sentiment deepened in China due to the discharge of contaminated water from Fukushima, the Japanese Embassy in China issued a warning to its citizens to exercise caution.

Additionally, news of the U.S. Secretary of Commerce's visit to China appears to have had an impact. Expectations for a relaxation of U.S.-China tensions have spread. This is the first visit by the U.S. Secretary of Commerce to China in seven years.