Write what you are looking for and press enter to begin your search!
Live News
Japanese Game Giants Affected By Plummeting Stock Market
By Alleef Ashaari|August 5, 2024|0 Comment
We aren’t stock market experts here at Kakuchopurei, but when a plummeting stock market is negatively affecting the games industry, we report on it. Influenced by global factors such as fears of a recession in the United States and rising tensions in the Middle East, the Tokyo Stock Exchange’s stock market index experienced a frightening drop.
This has caused stock in some of the big Japanese game companies to severely be on the decline. According to financial analyst Dr. Serkan Toto, Nintendo shares are now worth 15% less while Capcom shares are down 16%. Meanwhile, SEGA is down around 13%, Konami 8% and Sony 6%. Koei Tecmo is also down 6% and Square Enix 5%.
It’s Monday 1:30pm in Tokyo now, investors in the stock market continue to panic and are causing a bloodbath:
Nintendo -15%
Sega -13%
Capcom -16%
Nexon -13%
Cave -23%
Konami -8%
Sony -6%
Marvelous -10%
Cyberagent -10%
Koei Tecmo -6%
Square Enix -5%1.5h of trading to go. ???
— Dr. Serkan Toto ? Gamescom (@serkantoto) August 5, 2024
Currently, it’s unclear how much this will affect the games industry as a whole, but it’s not looking good. Hopefully, everything will improve soon. We’ll have to wait and see if there will be any lingering negative effects in the near future.
By Lewis "lickety" Larcombe|March 23, 2023
Crime Boss: Rockay City has just been announced that it's going to be released on 28 March for PC via Epic Games Store, and in June for PS5 and Xbox S...
By Burhanudin Zamri|December 11, 2019
Esports history has hit another milestone. For the first time ever, esports is featured as a medal sport in an international sports event, namely the...
By Alleef Ashaari|September 27, 2019
Fans of the WWE franchise will be glad to learn that the upcoming WWE 2K20 will be getting an improved Universe Mode and online multiplayer capabiliti...
By Lewis "lickety" Larcombe|September 18, 2024
By Alisha Alix|August 20, 2024
By Mr Toffee|August 7, 2024
By Alleef Ashaari|July 17, 2024
By Mr Toffee|July 14, 2024
By Team KKP|July 1, 2023
By Alleef Ashaari|August 2, 2021
By Alleef Ashaari|February 9, 2022
By Lewis "lickety" Larcombe|September 18, 2024
By Alisha Alix|August 20, 2024
By Mr Toffee|August 7, 2024
By Alleef Ashaari|July 17, 2024
By Mr Toffee|July 14, 2024
By Team KKP|July 1, 2023
By Mr Toffee|September 20, 2024
By Alleef Ashaari|September 19, 2024
By Lewis "lickety" Larcombe|September 18, 2024
By Alisha Alix|August 20, 2024
By Mr Toffee|August 7, 2024
By Alleef Ashaari|July 17, 2024
By Mr Toffee|July 14, 2024
By Team KKP|July 1, 2023
Copyright @ Kakuchopurei 2024