Fear for Wuhan's coronavirus also becomes sensitive in the electronic leisure sector. Black Monday for Sony, Nintendo, Microsoft and more.
Japan has closed this past Monday, March 9, its worst stock market data of the last decade. The Asian stock market is being affected by the health crisis of the Wuhan coronavirus (COVID-19), whose effects are already worldwide with direct consequences on the economy. The videogame sector is no stranger to this circumstance.
As reported by Serkan Toto, CEO of the digital consulting firm Kantan Games in Tokyo, Japan, we are facing the worst closing day in the central Tokyo stock exchange of the last ten years for the videogame sector, with negative percentages in the shareholding value of more of 50 companies with financial activity in the Japanese archipelago. Notably, -17.58% of Nippon Ichi or -7.31% of Sony, responsible for the PlayStation brand. Less aggravated has been Nintendo, compared to others such as Square Enix, SEGA or Capcom, with a 3.96% drop compared to more than -6% recorded by these others.
I've been following ~ 50 Japanese game stocks for over 10 years now.
Today was the worst day I can remember (Tokyo Stock Exchange just closed).
A selection:
Nintendo -3.96%
Sony -7.31%
Nippon Ichi -17.58%
Koei -5.41%
Capcom -6.68%
Konami -6.76%
Sega -6.74%
Squenix: -5.79%– Dr. Serkan Toto / Kantan Games Inc. (@serkantoto) March 9, 2020
