Business News

TOKYO, (APP/AFP): Tokyo shares sank Wednesday, ending
a six-day winning streak, with Nintendo plunging on profit-taking after
more than doubling this month on the back of the Pokemon Go phenomenon.
The videogame giant slumped almost 13 percent to 27,765 yen,
just a day after it overtook Sony in market value, while Japanese
fans were left disappointed after a rumoured release in the
country Wednesday proved wrong.
A gaming website Tuesday had flagged the launch in Nintendo’s
home market, but it bactracked within a day, saying it would likely
come out Thursday, having hit shelves in more than two dozen countries
by the weekend.
Nintendo’s shares had more than doubled since Pokemon Go’s
release this month sparked a global frenzy, and boosted hopes for
the company’s move into mobile gaming.