Nintendo, Sony, Bandai Namco and several other major Japanese companies are seeing substantial drops in the value of their respective share prices in response to Donald Trump's global trade tariffs. The tariffs, which began on April 5, have sparked a global economic crisis as stock markets react to the economic uncertainty associated with the United States' unprecedented protectionism.
The value of the S&P 500, a stock market index that tracks the performance of 500 leading companies on the United States' stock exchanges, has fallen 12 per cent since the tariffs were confirmed. The Dow Jones, an index that tracks 30 prominent United States-based companies, is likewise down over 10 per cent.
In Japan, which has been set a tariff rate of 24 per cent, major gaming companies are beginning to feel the pressure. Nintendo, which just unveiled the Switch 2, has seen its stock price drop almost 8 per cent since markets opened this morning. In addition to the tariffs, Nintendo is also grappling with discontent over the pricing of the Nintendo Switch 2 and its games.
Sony's stock price is down over 10 per cent, despite the company's relative success in recent memory. Sony is still up 17...
