(Original title: Japan’s World Cup concept stocks surge after Japan upset Spain)
Zhitong Finance APP has learned that some sports and entertainment-related stocks in Japan surged after Japan upset Spain to qualify for the next round of the World Cup in Qatar. Among them, shares of CyberAgent Inc., which streams all games in Japan for free through its Abema streaming service, rose 7.3%. Elsewhere, sporting goods maker Mizuno Corp. rose 5.3%, while mini-bar chain Hub Co. gained 15%.
In this regard, Hideyuki Suzuki, general manager of SBI Securities Co., Ltd., said: “The theme of the World Cup and football is a short-term idea, but in the long term the number of children who want to play football could increase and we can imagine a scenario where technology will be gradually integrated into sports, including applications of the metaverse.”
It is understood that the Japanese team defeated the Spanish team, the perennially strong team that won the World Cup in 2010, 2-1, and finished first in Group E. Not only that, but this is the second victory for the Japanese team in the group stage, after the team also defeated the German team.
In addition, the Japanese team will face Croatia next week to advance to the knockout stages of the World Cup. Croatia is reported to be 12th in the FIFA world rankings and Japan 24th.
