[Market Focus] Paradise Surges 6% on Hopes of Increased Chinese Tourists...Hits Record High

Paradise continued its upward trend for a second consecutive day, hitting a new 52-week intraday high, fueled by expectations of an increase in Chinese tourists.

As of 10:12 a.m. on September 17, Paradise was trading at 22,600 won on the Korea Exchange, up 1,300 won (6.10%) from the previous day. The stock climbed as high as 22,900 won during the session, setting a new 52-week high.

This strong performance is believed to be driven by optimism over a rise in Chinese tourists. Starting from September 29, group tourists from China will be temporarily allowed to enter South Korea without a visa, ahead of China's National Day holiday next month.

Additionally, reports that Chinese President Xi Jinping may visit South Korea during the Asia-Pacific Economic Cooperation (APEC) Summit in Gyeongju appear to have contributed to the rally. On the same day, Foreign Minister Cho Hyun told reporters at Gimpo Airport, before departing for Beijing, "I understand that President Xi will visit South Korea for the APEC meeting," adding, "The two sides will discuss the specifics regarding his visit."

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