Shares of major Japanese video game companies fell in the wake of the global stock market situation, analyst Serkan Toto reported in a Bloomberg publication on August 5.
The most significant drop in share price was seen in Cave Interactive, which fell by almost 27%. Capcom shares fell by more than 17% and Nintendo shares fell by more than 16.5%.
The drop in share prices did not go unnoticed by such well-known companies as Sega (up 13.6%), Konami (down around 12.7%), Sony (down 7.6%), Square Enix (down 4.7%).
The collapse of the Japanese stock markets is associated with the rise in the yen exchange rate against the dollar, which occurred against the backdrop of heightened fears among investors over the slowdown in economic growth in the United States. All this led to the collapse of the main index of the Tokyo Stock Exchange, the Nikkei, which fell by 12.7%. It should be noted that this incident represented the largest daily drop in the past 37 years.
Let us recall that other financial exchanges not associated with Japan are also in a fever. Thus, futures on the American Nasdaq fell by 5%. The pan-European STOXX 600 index fell by 2.6% (the lowest value since February).
Source: Rossa Primavera
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