Sporting goods stocks rose collectively in early trading. As of press release, Xtep International rose 6.74% to HK$7.28; Anta Sports rose 2.89% to HK$149.3; and 361 rose 2.72% to HK$3.02.

According to the news, IOC President Bach once again emphasized in an online meeting with the Tokyo Olympic Organizing Committee on the 19th that the IOC promised that the Tokyo Olympics and Paralympics would be held safely as scheduled. Bach said that the safe holding of many sporting events around the world over the past year proved that the Olympics can be successfully hosted under the epidemic. Bach also said that the IOC will send medical personnel to the Olympics to alleviate the shortage of medical personnel for the Tokyo Olympics.

According to analysis, early due to the epidemic, there were still doubts about whether the Tokyo Olympics could be hosted this year. This time, the IOC president personally promised to host it as scheduled, which would dispel market concerns. This brought favorable support to relevant sponsors. For example, Anta Sports, as the official sportswear supplier, will provide sports equipment including sportswear, shoes, and accessories for IOC members and staff.