Tokyo panda's possible pregnancy delivers stocks bump

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A possible panda pregnancy at a Tokyo zoo caused stocks of a nearby restaurant chain to briefly soar 30 percent on Friday.

AFP/Toru Yamanaka

Ueno Zoo, which reopened on Friday after five months of coronavirus closure, said female panda Shin Shin was showing possible signs of pregnancy after mating with male Ri Ri in early March. Shares of Chinese restaurant chain Totenko spiked nearly 30 percent before settling to around 1,109 yen, up 10 percent from Thursday.

The announcement comes as a rare spot of bright news for the Japanese capital, which is preparing to host the postponed Olympics this summer despite deep public opposition and coronavirus concerns.

 

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