Trump dines on steak in Tokyo, sending restaurant chain Ukai's shares up

[TOKYO] As policy specialists scramble to interpret the significance of US President Donald Trump's visit to Japan, there's already one standout winner in the stock market.

Ukai Co, which operates an upmarket restaurant chain, surged as much as 7.3 per cent on Monday following a local media report that Mr Trump had dinner with Prime Minister Shinzo Abe at its flagship Tokyo store in the glitzy Ginza area on Nov 5.

Mr Trump and Mr Abe were accompanied by their wives, and had dinner at Ginza Ukai Tei, a restaurant known for teppanyaki, a Japanese cuisine popular among tourists where meat and vegetables are grilled on an iron griddle in front of customers, Kyodo news reported.

The guests were served a "special menu", which included grilled Hokkaido scallop, the restaurant's "best quality" steak and a chocolate sundae, according to a spokeswoman for Ukai.

The two couples arrived at the restaurant at 7.37pm, held a photo shoot at 7.38pm and started dining at 7.42pm, according to the Kyodo report.

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