March 23, 2020 / 1:14 AM / in 8 days

Dentsu shares jump after IOC rules out Tokyo Olympics cancellation

TOKYO (Reuters) - Dentsu Group (4324.T) shares jumped as much as 12.4% on Monday on relief after the International Olympic Committee suggested it was looking to delay but not cancel the Tokyo Games as the coronavirus pandemic spreads.

Dentsu shares had lost almost half of their value so far this fears as investors had worried that the Tokyo Olympics could be canceled. Dentsu dominates both media buying and advertising in Japan.

Reporting by Tomo Uetake, Hideyuki Sano; Editing by Kim Coghill

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