KOBE, Japan -- Japanese sportswear maker ASICS's market capitalization rose to an all-time high of nearly $7 billion on Thursday, as stronger sales of its profitable high-performance shoes boosted investors' hopes for long-term growth.
Companies
ASICS hits market cap record, propelled by high-end sneakers
Valuation nears $7bn as wider margins lift growth expectations
ASICS shares rallied for five straight days through Thursday to a fresh post-listing high. (Photo by Atsushi Ooka)
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