A Bear Day For Nintendo Stock
With American Stock exchange facing recession, Nintendo Japanese stock plummeted to a 6 month low.
Nintendo fell 5.9 percent to 45,800 yen, the lowest it’s been since July 2 and Rohm Co, the maker of parts of the Wii’s controller, dropped 6.4 percent, heading for the lowest close it’s seen since January 1997. The Kyoto-based company yesterday lowered its annual net-income target by 25 percent for the year, which lead to Mizuho Securities Co. downgrading them to a hold from a buy.
