Shares of Nintendo, Capcom, and other Japanese gaming companies have plummeted. They were affected by the stock market crash
August 5 began with a market crash for global stock markets. The downturn commenced in Asia and was particularly severe in Japan. As noted by analyst Serkan Toto from Kantan Games, the financial storm did not spare Japanese gaming companies.
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Below is how the stock prices of Japanese gaming-related companies changed by the close of the market today.
- Cave Interactive — fell by 26.87%.
- Capcom — fell by 17.3%.
- Nintendo — fell by 16.53%.
- Marvelous — fell by 16.1%.
- Sega — fell by 13.62%.
- Nexon — fell by 13.45%.
- Konami — fell by 11.69%.
- Cyberagent — fell by 11.35%.
- Koei Tecmo — fell by 8.14%.
- Sony — fell by 7.6%.
- Square Enix — fell by 4.76%.
As reported by Bloomberg, the decline in Japan occurred alongside a rise in the yen against the dollar and growing investor concerns over a potential economic slowdown in the United States. Consequently, the Nikkei, the main index of the Tokyo Stock Exchange, plummeted by 12.7% today — the largest single-day decline since 1987.
The downturn also affected many other global exchanges. For instance, U.S. Nasdaq futures dropped by 5%, and the pan-European STOXX 600 index fell by 2.6% to its lowest level since February.
