Up, down, up again: Japan's soccer-related stocks mirror Samurai Blue's performance

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TOKYO : Japanese shares of soccer-related companies had a good day on Friday as they mirrored the national team's roller-coaster performance at the World Cup where the 'Samurai Blue' delivered another shocking win, this time over global powerhouse Spain.Having also beaten four-times champions Germany in t

TOKYO : Japanese shares of soccer-related companies had a good day on Friday as they mirrored the national team's roller-coaster performance at the World Cup where the"Samurai Blue" delivered another shocking win, this time over global powerhouse Spain.

CyberAgent Inc, which has been streaming all of the World Cup matches on its Abema platform, was by far the Nikkei share average's best performer, surging 7.3 per cent before ending up 3.95 per cent. The benchmark Nikkei fell 1.59 per cent. "With this latest match against Spain, we expect a new high for access numbers," said Sonoko Miyakawa, an investor relations official at CyberAgent.

On Monday, a day after Japan's defeat, shares of CyberAgent fell 7.6 per cent, Mizuno shed 3.7 per cent and Hub tanked 17.5 per cent, as fans lost hope of Japan advancing to the next round, with a formidable Spain as their final opponent.

 

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