Stock of Japanese face-mask maker goes 'ballistic' as coronavirus fears escalate

Coronavirus.
(Image credit: Getty Images)

Stocks in East Asia have taken a hit since the outbreak of the coronavirus that originated in Wuhan, China, and has since resulted in an increasing number of confirmed cases in several different countries, including the United States.

Investors are reportedly concerned the virus' spread could turn into a "longer event" and harm global growth. But one company that hasn't suffered in the wake of the contagion is Japanese face mask manufacturer, Kawamoto, which has seen a rapid spike in shares since the outbreak of the respiratory virus that is transmitted from person-to-person (though it's still unclear how).

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.