by Lee Seonae
Published 15 Apr.2022 10:22(KST)
[Asia Economy Reporter Lee Seon-ae] On the 15th, cosmetics-related stocks are showing a simultaneous decline. In particular, weakness is appearing mainly in color cosmetics. This is interpreted as an effect of the news that social distancing policies are being lifted, but masks still cannot be removed.
As of 10:20 a.m. on the 15th, Able C&C is trading at 7,100 won, down 1.11%, and Korea Cosmetics is trading at 9,440 won, down 1.46%. Tony Moly and Coreana are down 2.11% and 2.42%, trading at 5,560 won and 4,440 won, respectively. The decline is even greater for Clio and It's Hanbul. Clio is down more than 4% during the session, and It's Hanbul is showing a decline of over 6%.
The government announced that from the 18th, social distancing policies such as restrictions on private gathering sizes and business hours will be completely lifted.
However, this measure did not include any matters related to masks. Some expected that the government's policy might include the removal of masks outdoors, but the decision on mask-wearing has been postponed. The government plans to evaluate the quarantine situation two weeks later to decide whether masks can be removed.
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