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The Impact of Japan’s Nuclear Sewage on the Japanese Stock Market and Global Trade Reactions

Today, there is another thing worth watching in the market, and that is the Japanese stock market. In early trading, the Nikkei fell nearly 2%. At the same time, many netizens on major social platforms have sorted out a list of cleaning and beauty brands that may be affected by Japan’s nuclear-contaminated water discharge, and have expressed concern. At the same time, the United States has also shown a double-standard attitude, while openly supporting Japan’s sea drainage plan, while secretly reducing seafood imports from Japan.

Many places in China are also urgently reminded: there is no need to hoard salt. China’s Chaka Salt Lake alone has a large salt reserve, which can be used by the people of the whole country for 70 years.

Nuclear sewage “flooded” the Japanese stock market

Japan’s stock market also fell sharply today, with the Nikkei index plummeting nearly 2% in the morning. It has to be said that the nuclear sewage discharge incident has a greater impact on it. Last night, although the U.S. stock market also experienced a dive, but this morning, neither the Korean stock market nor the Chinese stock market fell sharply. The relative decline in the Japanese stock market can be said to be relatively large.

In addition, the yen also appeared to sell down the market.

On the 24th, the Japanese government insisted on launching the discharge of nuclear contaminated water from the Fukushima Daiichi Nuclear Power Plant in disregard of opposition from various parties. Later, China’s General Administration of Customs announced a complete suspension of imports of Japanese aquatic products. According to a report by Tokyo Broadcasting Corporation, Japanese Prime Minister Fumio Kishida claimed that “he has made representations to the Chinese side through diplomatic channels, demanding the immediate withdrawal” of the above-mentioned measures.

Subsequently, many netizens on major social platforms sorted out a list of cleaning and beauty brands that may be affected by Japan’s nuclear-contaminated water discharge, and expressed their concerns. According to the Yangcheng Evening News, in the topic of “Nuclear Pollution of Japanese Cosmetics” in Xiaohongshu, many Japanese cosmetics brands, including Shu Uemura, have been returned. There are even many netizens sorting out Japanese brands and starting to “clear mine”. Many brands such as CPB, COSME, Poly, Fulifangsi, Curel, Sofina, Sekkisei, Naris, U Lai, Kao, etc. have been listed.

According to data released by the General Administration of Customs of China, since May this year, cosmetics imported from Japan have begun to decline significantly. In July, June, and May, the import value of China’s imports from Japan in the categories of “essential oils and balms, fragrance products, cosmetics and toilet products” was 2.07186 billion yuan, 2.17082 billion yuan, and 2.533589 billion yuan, respectively. Among them, the import value in June fell by 8.4% year-on-year; the import value in July fell sharply by 30% year-on-year.

It is worth mentioning that, according to data from the Ministry of Agriculture, Forestry and Fisheries of Japan, the United States was the country that reduced imports of Japanese agricultural, forestry and fisheries products the most in the first half of the year. The U.S. State Department lifted restrictions on Japanese food imports in September 2021 and supported the discharge of Fukushima nuclear-contaminated water into the sea. However, starting this year, the U.S. has reduced imports of Japanese agricultural, forestry and aquatic products.

Multiple emergency reminders

According to China Youth Network, after the Japanese nuclear sewage entered the sea, there was a rush to buy salt in some markets. Some consumers are worried about the impact of Japan’s nuclear sewage discharge on the safety of salt supply in Guangdong Province.

According to the relevant person in charge of Guangdong Salt Industry Group, at present, the government reserves of salt at the provincial and municipal levels and corporate social responsibility reserves total 108,000 tons, which can ensure sufficient supply of salt. At the same time, Guangdong Salt Industry has carried out third-party sample testing for α and β radioactive items in seawater and ecological sea salt in major sea salt production areas in Guangdong Province. The results show that the current Guangdong sea salt is safe.

In addition, the Fuzhou Municipal Bureau of Commerce reminded that it will continue to do its best to ensure supply and stabilize prices. The supply of edible salt is sufficient, and citizens purchase rationally on demand, and do not believe or spread rumors. Yangzhou said that there is no problem with guaranteeing supply.

The Shandong side also stated that the table salt produced in Shandong Province is mainly mine salt and underground brine salt, which will not be affected by the discharge of Japanese nuclear polluted water into the sea. Salt government reserves at the provincial, city and county levels, 11 designated salt production enterprises (multi-variety salt) and 125 designated salt wholesale enterprises have a total social responsibility reserve of more than 170,000 tons, which can meet the normal sales volume of the province for more than half a year, and the majority of consumers Investors don’t have to follow suit to snap up and stockpile salt.

Another expert said that the Chaka Salt Lake in Ulan County, Haixi Prefecture, Qinghai Province, China is one of the famous salt lakes in China, known as the “mirror of the sky”. This salt lake has a vast area and is rich in salt resources, with a salt storage capacity of 448 million tons, of which the sodium chloride content is as high as 94%. These salts are enough for the people of the whole country to eat for 70 years. Therefore, China does not need to follow South Korea’s practice of storing salt. We have abundant salt resources and can guarantee domestic supply.

Just broke out!

Just now, Zhejiang Satellite TV announced that the broadcast of “The Voice of China” program was suspended due to the investigation of the problems reported by viewers and netizens. Previously, the audio of “Coco Lee Suing The Voice” caused heated discussions. On the evening of August 20th, Zhejiang Radio and Television Group issued a letter to the audience and netizens of “The Voice of China”, stating that Zhejiang Radio and Television Group will further investigate and verify the issues that everyone is concerned about, and welcome the audience and netizens to supervise. The stock price of Xingkong Huawen, the parent company of “The Voice of China”, plummeted by more than 10%.

“The Voice of China” suspended

This morning, Zhejiang Satellite TV suddenly released a message saying that due to the problems reported by viewers and netizens, “The Voice of China” program is being investigated, and the program has been suspended.

As the audio of “Coco Lee’s accusation against The Voice” has sparked heated discussions, on August 20, Zhejiang Radio and Television Group sent a message to “The Voice of China” viewers and netizens, expressing that Zhejiang Radio and Television Group will further investigate and verify the issues that everyone is concerned about, and welcome the audience and netizen supervision.

Coco Lee’s agency also issued a statement stating that CoCo (Coco Lee) has always said “I hope 2022 will be the year of CoCo”. As CoCo’s agency, we have worked with CoCo to realize our dreams and created a lot of good music and stage. We not only have the responsibility to spare no effort to fight for the rights and interests of the artist and safeguard the reputation of the artist; we also have the obligation to protect her privacy and respect her choice. We will continue to pay attention to the investigation and fully cooperate.

The stock price of Xingkong Huawen, the parent company of “The Voice of China”, plummeted by more than 10%. Prior to this, the stock price plummeted after the Coco Lee incident fermented. On August 21, the stock of Xingkong Huawen suffered another crazy sell-off, falling 31% to close at 65.3 Hong Kong dollars per share. In just two trading days, its stock price fell by 47%, and its market value evaporated by 23.4 billion Hong Kong dollars.

(Source of article: Brokerage China)

Article source: Brokerage China

Author of the article: Shi Qian

Original title: Burst! Zhejiang Satellite TV: “The Voice of China” is suspended! Nuclear sewage “flooded” the Japanese stock market, and the yen couldn’t hold it anymore!Emergency reminders in many places in China

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