(Bloomberg) – Nintendo Co. shares decreased. That returns to the shares of Nintendo Co. More than seven months, as some investors attribute to global funds that start from some of the best performance among fake markets.
Most of them read from Bloomberg
Nintendo sank up to 8.4 % in Tokyo, the largest decrease during the day since the stock market was defeated on August 5. The shares were traded at the highest level ever last month and jumped 23 % this year before a decline on Friday. About half of Nintendo shares are kept by foreign investors, according to the company.
“World investors reduce their positions in Japanese stocks, and they cannot yet help sell the most attractive shares that they have adhered to so far,” said Ikuo Mitsui, director of funds at Izawa Securities Company.
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Game shares were among the best sites in the Japanese stock market. The Solacting Japan Games & Animation Games, which includes companies including Nintendo and Sony Group Corp. And Bandai Namco Holdings Inc. , 14 % this year until Thursday, compared to 1.2 % in the Topix index.
“Even games that have been well performed so far this year are under pressure now,” said Yasu Sakoma, President of Libra Investments. “I think that some investors are forced to sell these shares to compensate for losses elsewhere.”
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Sony threw up to 6 % in Tokyo, and also the biggest decline since August, while Konami Group Corp has lost. 3.8 %. Bandai Namco, the best performance among the 100 largest stocks in Japan so far this year, decreased by 2.3 %.
Most of them read from Bloomberg Business Week
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