Unsettled in Asia - Nintendo falls 10.7 percent after sharp increase in memory component prices

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Unsettled in Asia - Nintendo falls 10.7 percent after sharp increase in memory component prices
Photo: George Walker IV/AP/TT

Stock markets in Asia are mixed and volatile. Among today's losers is Japanese gaming giant Nintendo.

After a volatile start to trading on Wednesday, the Hong Kong-based Hang Seng Index is down about 0.4 percent at lunchtime. In Shenzhen, the stock exchange is down 0.9 percent, and in Shanghai trading remains unchanged.

In Japan, gaming giant Nintendo fell 10.7 percent. Sales of the Switch 2 console appear to be in line with forecasts, but a sharp increase in the price of memory components is believed to have made investors hesitant about the stock, reports CNBC.

However, the Tokyo stock markets as a whole had a more subdued day. The Nikkei 225 fell 0.7 percent, while the broader Topix rose 0.1 percent.

The Kospi in Seoul has seen a dramatic couple of trading days, with a sharp decline followed by a sharp recovery. On Wednesday, the index climbed 0.8 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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