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Pandemic-year Olympics to test legend of stock market gold

With no international fans flocking to Tokyo, tourism-related shares lose luster

Mima Ito of Japan trains for the Tokyo Olympics on July 19. The opening ceremony will be held on July 23.   © Reuters

TOKYO -- The Summer Olympics bring home a win for the host nation's stock market -- so suggests past market data, at least.

But 2021 is no ordinary Olympic year. With the Summer Games just days away from starting in coronavirus-clouded Tokyo to empty venues, no tourists and tepid public support, past performance may be no indicator of gains this time.

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