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Japanese Gaming Stocks Plummet In Quake Aftermath
News just keeps getting worse for Japan. While scrambling to deal with the fallout effects of the earthquake, tsunami, and nuclear reactor scare, the Japanese stock market lost an estimated $287 billion in investments.
Japanese gaming publishers were unable to escape the freefall in the biggest day of trading on the Nikkei since World War II. Capcom shares fell the most, with a 14.7 percent drop. Shares in Tecmo Koei fell by 10.7 percent, Konami by 9.9 percent, Sony by 9.12 percent, Namco Bandai by 6.41 percent, and Square Enix by 4.53 percent.
To curtail the steep drops, the Bank of Japan has injected $183 billion into the Japanese economy.
[Source: Edge]
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