With the close of the Tokyo Stock Exchange, Japan has just experienced its worst day for gaming stocks in more than a decade.
Companies such as Nintendo, Sony, Capcom and Konami have all been hit hard on the Japan Stock Exchange today. Game developer Dr. Serkan Toto pointed out that Nintendo ’s closing price on the day was -3.96%, Sony was -7.31%, Koei was -5.41%, Capcom was -6.68%, Konami was -6.76%, Sega was -6.74%, Square Enix It is -5.79% and Nipon Ichi is -17.58%.
"I have been following about 50 Japanese gaming stocks for more than a decade," Toto wrote on Twitter. "Today is the worst day I remember."
I have been following about 50 Japanese game stocks for more than 10 years.
Today is the worst day I can remember (the Tokyo Stock Exchange has just closed).
— Dr. Serkan Toto / Kantan Games Inc. (@serkantoto) March 9, 2020
After growing concerns about the impact of coronaviruses, global stock markets have been affected. Today, the U.S. stock market was temporarily suspended due to a sudden decline in stock trading that automatically stopped. Crude oil also fell sharply after a dispute between Russia and Saudi Arabia.
The COVID-19 virus has attracted the attention of the entire gaming industry. The Emerald City Comic-Con, which recently occurred in Seattle, was moved to the summer by a coronavirus case in the city.
Other events, such as GDC 2020, Eve Carnival and various e-sports events, have been postponed or cancelled. Some developers have also decided to skip Pax East out of focus on coronavirus.