Economy

Sony and Nintendo drop at a slightly higher Japanese stock market | Financial

Sony lost 2 percent. The company has not allowed companies like Amazon, Best Buy and Walmart to sell the codes for its downloadable games for two years. According to the complainants, Sony can charge its own prices that are too high, according to the complainants. Nintendo fell 1.8 percent. Due to the many sitting at home because of the corona pandemic, the demand for Nintendo games and consoles remained strong. The company did warn about the chip shortages that can disrupt the production of game consoles. Nintendo also expects sales of its Switch game console to decline this year.

The Nikkei in Tokyo eventually entered the weekend with a plus of 0.1 percent at 29,357.82 points. The chip companies Tokyo Electron and Advantest were in the leading group with profits of more than 2 percent. Investors also processed the news that the Tokyo state of emergency is likely to be extended until the end of May due to the continued spread of the coronavirus.

In the meantime, the main index in Shanghai was down 0.3 percent and the Hang Seng index in Hong Kong fell marginally, despite strong Chinese trade figures. According to Beijing, the country’s exports increased 32.3 percent in April from the same month a year earlier. Exports were therefore much higher than economists had expected. Imports also grew more than expected. Trade figures point to a continued strong recovery of the world’s second largest economy.

Tags

Related Articles

Back to top button
Close
Close