Tourism stocks gain on Disney park prices

Shanghai- based tourism stocks jumped after Walt Disney Co announced ticket prices for its new theme park opening soon in the Chinese metropolis that are cheaper than those at its Hong Kong venue, which may boost visitors numbers and spur development. Shanghai Jielong Industry Group Corp, which owns land near where the Disney resort is being built, rose by the 10 percent daily limit in morning trading. Shanghai Jinjiang International Hotels Co Development, whose parent company owns a stake in Disney’s local partner, gained 7.5 percent.