Japan’s benchmark stock index The Nikkei has seen its biggest fall in four decades this morning amid fears of a looming American recession in the world’s biggest economy. Nintendo, Capcom, SEGA, and more, saw stock fall sharply with Cave suffering the most losses with shares down more than 23% this morning. Here’s the damage which has been done so far for Japanese video gaming companies:
- Nintendo -15%
- SEGA -13%
- Capcom -16%
- Nexon -13%
- Cave -23%
- Konami -8%
- Sony -6%
- Marvelous -10%
- Cyberagent -10%
- Koei Tecmo -6%
- Square Enix -5%
you say that nintendo shares down the most with more than 15% yet the chart shows that Capcom is -16% and cave -23%.
Sorry, was half asleep. Changed it 😊
This follows the latest jobs report, which showed that the US added almost 100,000 less jobs since last month and that unemployment rose to 4.3%. The fears of the economy losing its steam have prompted some to believe that the Federal Reserve will cut interest rates, which have been kept at a high to combat inflation, but whetter that will actually happen or whether it’s the right call, I’m not qualified to say.
Aside from that there are also other factors that’ll play into what happen next, such as what next month’s job report has in store and who wins the presidency.
I don’t rely too much on it… The stock market can fall by 10% one day and then regain 20% the next. It’s so volatile
This feels like a stupidly flippant remark.
Trump will save the economy. He is also pro-Bitcoin which has a lot of potential, unlike the other candidate who hasn’t been seen anywhere the last four years.