This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36891132
The article has changed 7 times. There is an RSS feed of changes available.
Version 2 | Version 3 |
---|---|
Nintendo shares edge up after sharp fall on Monday | |
(about 4 hours later) | |
Shares in Japanese games company Nintendo increased slightly after record losses on Monday when it had warned that the Pokemon Go success would have a limited impact on profits. | |
Nintendo rose by more than 1% following the 17.7% plunge on Monday. | |
While the Pokemon franchise is owned by Nintendo, the developer of the game is US company Niantic. | While the Pokemon franchise is owned by Nintendo, the developer of the game is US company Niantic. |
Nintendo's market value more than doubled at one point due to the huge success of Pokemon Go. | Nintendo's market value more than doubled at one point due to the huge success of Pokemon Go. |
The firm's shares are still up more than 60% from before the 6 July launch of Pokemon Go. | |
Overall, Japan's Nikkei 225 lost 1.7% to 16,329.81 points. | |
The stock exchange losses come ahead of a Bank of Japan meeting at the end of the week, which is expected to give clues about a new stimulus package promised by Prime Minister Shinzo Abe. | |
In China, Hong Kong's Hang Seng rose 0.9% to 22,192.01 points while the mainland Shanghai Composite also traded higher, 0.5% up to 3,029.51. | |
Shares in South Korea gained ground with the country's benchmark Kospi index 0.6% up to 2,022.66. | |
Investor sentiment was lifted by fresh growth data showing that South Korea's economy grew at 3.2% in the second quarter, beating expectations. | |
Shares in SK Hynix, though, fell by as much as 2% after the world's second-biggest chip maker said its second-quarter operating profit fell 67% compared to the same period the previous year due to weaker demand. | |
In Australia, the ASX 200 also lost ground, shedding 0.3% to 5,515.90. |