Recently, a stock market crisis woke up the markets, which obviously affects the video game industry. The Nikkei 225 index plunged at the Tokyo opening, signaling a general market downturn. This is because of fears of a recession in the United States, as well as the rising tensions in the Middle East. Black Monday has also hit the country’s major video game companies.
Now, Nintendo shares are worth 15% less than prior Friday’s close. On the other hand, Capcom shares are down 16%. Many others are suffering from the market turmoil despite of these having been the hardest hit. Sega is down around 13%, Konami 8%, and Sony 6%. Koei Tecmo is also down 6% and Square Enix 5%.
The updated data from other markets shows that it seems that even if the decline was widespread, it has been much more severe in Japan. It is yet to be seen whether the markets recover or not, and how the companies’ calendars and short and medium term future will be affected by the situation.
Last August 5, on Black Monday, global stock markets plunged. Since 2022, it was the worst day for securities. The brutal sell-off caught up many companies in the gambling industry.
Numerous major indices globally cratered in the middle of fears of a slowing United States economy. The previous week’s employment report was much weaker than analysts predicted. The day’s performance, driven by this news, led to widespread stock declines.
Many companies from around the global gambling industry saw marked declines. Some of the major operators even saw new 52-week lows during the day. Las Vegas Sands ($36.62/£28.65/€33.43), Wynn Resorts ($71.63), and MGM Resorts ($33.44) were among those affected.
