Bargain hunters quietly defy coronavirus sell-off in Japan

Foreign-favorite blue chips Shin-Etsu and Makita make gains amid gloom

20200131N Japan mask stocks REUTERS

Stocks have typically rebounded within a month of a disease outbreak. © Reuters

MIO TOMITA, Nikkei staff writer

TOKYO -- While the world is on edge over the outbreak of the Chinese coronavirus, bargain hunters in Japan's stock market are following the adage that a crisis always holds an opportunity.

In a sign of this undercurrent, Shin-Etsu Chemical -- the world's leading supplier of PVC and silicon for chipmaking -- climbed more than 3% Friday. Power tool manufacturer Makita closed 11% higher while Fanuc, a maker of industrial robots, rose for the third straight session.

Sponsored Content

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