Nintendo hits seven month low as Japan stocks slide

By Patrick Garratt, Wednesday, 6 February 2008 07:48 GMT

Sometimes you can’t do anything right. Despite leading the entire videogames race, Nintendo’s shares have hit a seven month low on the Nikkei, following a general trend in the Japanese market caused by the strong yen and a rotten US forecast. Shares in the company fell 5.9 percent today to (£219.30), the lowest price since July 2 last year.

“There’s an increasing chance that the U.S. will post negative growth in the first quarter, and that’s tough news for cyclical markets like Japan,” said Akio Yoshino, chief economist at Societe Generale Asset Management Japan.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Nikkei

Stocks

Whoops

  • The Walking Dead: Survival Instinct trailer is unofficial

    A quick, moderately embarrassing update: it turns out yesterday’s trailer for Terminal Reality’s shooter The Walking Dead: Survival Instinct wasn’t an official Activision production.

  • Halo logo shown in place of UN's during BBC report

    A bit of a wince and a giggle out of the UK to kick the morning off; during a report on the ongoing struggles in Syria, BBC News accidentally flashed Halo’s UNSC logo in place of the United Nation’s. Naturally it was captured and YouTubed; check it out through the break.