ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Markets

Japan's stay-at-home food stocks lose immunity to downturn

Shares fall as restaurant closures cancel out consumption by shut-ins

Frozen fried rice by Nichirei sold at a supermarket. Investors initially snapped up food sector stocks anticipating a demand surge from consumers staying at home. 

TOKYO -- Makers of instant food were the go-to stocks in the Japanese market recently, poised to benefit from the social distancing trend, but now the shares are undergoing a correction.

Nissin Foods Holdings, which makes instant noodles, fell 3% during Thursday's trading in Tokyo. Frozen food maker Nichirei and Toyo Suisan Kaisha -- the company behind Maruchan ramen -- each dipped 4%

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more