Stock Market in Asia in free fall, multiple gaming companies affected

Draugoth

Gold Member
Asian Stock market this Monday woke up in upwards of 15% decline, multiple gaming companies have been affected:




Nintendo -15%
Sega -13%
Capcom -16%
Nexon -13%
Cave -23%
Konami -8%
Sony -6%
Marvelous -10%
Cyberagent -10%
Koei Tecmo -6%
Square Enix -5%​
 
From the other thread I've posted about this.

YNFGwkB.png


Btw, the yen is strengthening fast so if you guys are planning on importing stuff like physical games, figures, etc. I'd do it sooner rather than later.

The yen strengthened to the 141 level to the dollar Monday, a seven-month high. It had appreciated to the mid-146 level from the higher end of the 148 level in New York trading Friday. That came after a weaker-than-expected July U.S. jobs report stoked recession worries and raised questions about whether the Federal Reserve should have cut rates at its July meeting.

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From the other thread I've posted about this.

YNFGwkB.png


Btw, the yen is strengthening fast so if you guys are planning on importing stuff like physical games, figures, etc. I'd do it sooner rather than later.



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Yeah, that's a very good point, need to get a few things from Amazon JP that I keep putting off.

Also, I should have gone to JP to vacation this June instead doing another beach trip! 😓
 
Now could be a good time to buy some stocks in companies like Nvidia and Nintendo, right? Before Nintendo announce the new console and Nvidia announce the Rtx 50-series.
 
Who do I kill if Capcom is affected? Daddy wants his next MH a masterpiece and on time.
 
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Now could be a good time to buy some stocks in companies like Nvidia and Nintendo, right? Before Nintendo announce the new console and Nvidia announce the Rtx 50-series.
It's going to go lower I would say, but you never know.

BoJ f-d up by raising I think and Fed f-d up by not cutting in July.
 
Might be a good time to buy the Nvidia dip, or everything could keep crashing.
Yeah, this is a huge question mark right now. It could be just a scare for a few weeks.

On the other hand we could go down even more and with Presidential election upcoming who knows what happens. And job market is down quite a bit.
 
Step 1. FOMO in

Step 2. Get scared because it's still dropping

Step 3. Panic sell

Step 4. Stocks recover

Step 5. Take a break from the market until the next crash

Step 6. Go back to step 1

Good luck, retards
 
Yeah, that's a very good point, need to get a few things from Amazon JP that I keep putting off.

Also, I should have gone to JP to vacation this June instead doing another beach trip! 😓
Yup. I placed an order a couple of days ago and today another one on Amazon JP. I still have 3-4 physical games I want to get, including a couple of pre-orders.

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Yup. I placed an order a couple of days ago and today another one on Amazon JP. I still have 3-4 physical games I want to get, including a couple of pre-orders.

EopiR5i.png


F0enYK9.png
Nice! And yeah, got a few games and some hardware on my wishlist there.

I also need to order a few things from Play-Asia as I could see their prices go up too.
 
Japan had been delaying the need to raise interest rates. Because of the delay, the impact is greater than it would have been if done earlier.

Zero interest rates is never suppose to be sustained. Japan held on longer than most. I am hoping that Japan's economy re-balances after this.
 
I was just saying this last night to some friends. I cant get into my Fidelity accounts and last week there was a talk of recession.
 
There's constantly been talks about a recession, so why now? I swear every fucking thing has been blamed for this except aliens right now.
 
Explain me like I'm five plz

Japan had very low interest rates. So lot of companies and investors borrowed in yens and then invested in currencies with high interest rates. But now Japan has increased its interest rates, so this strategy no longer works. Now companies and people with money stuck in this strategy are bound to gain less money or even lose money.
 
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