August 5 began with a crash for global stock markets. The decline started in Asia and was particularly painful in Japan. As analyst Serkan Toto from Kantan Games noted, the financial storm did not spare Japanese gaming companies.
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Below are the changes in stock prices for Japan's gaming-related companies as of the close of the market today:
- Cave Interactive — fell 26.87%.
- Capcom — fell 17.3%.
- Nintendo — fell 16.53%.
- Marvelous — fell 16.1%.
- Sega — fell 13.62%.
- Nexon — fell 13.45%.
- Konami — fell 11.69%.
- Cyberagent — fell 11.35%.
- Koei Tecmo — fell 8.14%.
- Sony — fell 7.6%.
- Square Enix — fell 4.76%.
As Bloomberg writes, the crash in Japan occurred amid a rising yen against the dollar and investor concerns about a slowdown in the U.S. economy. As a result, the main index of the Tokyo Stock Exchange, Nikkei, dropped by 12.7% today—the largest single-day drop since 1987.
Declines were also seen on many other exchanges worldwide. For example, U.S. Nasdaq futures fell by 5%, and the pan-European STOXX 600 index dropped by 2.6% to its lowest level since February.