SoylentNews is people
SoylentNews
Bloomberg reports that Nintendo's stock price fell by 18%, the maximum amount permitted in one day on the Tokyo stock exchange. The decrease occurred after the company issued guidance that the popular game Pokémon Go should not be expected to bring in much revenue for the company. The game was created by Niantic Inc., of which Nintendo has partial ownership. Nintendo's stock had "almost doubled" since its release.
This discussion has been archived.
No new comments can be posted.
Nintendo Stock Price Drops on Pokémon Go Guidance
|
Log In/Create an Account
| Top
| 29 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
Fascinating is a word I use for the unexpected.
-- Spock, "The Squire of Gothos", stardate 2124.5
(Score: 3, Interesting) by snufu on Tuesday July 26 2016, @01:17PM
"stock price fell by 18%, the maximum amount permitted in one day on the Tokyo stock exchange."
Does trading also shut down after an 18% rise?
(Score: 2) by tibman on Tuesday July 26 2016, @02:16PM
The falling stock price is the price people are paying to buy from a seller, right? So you can probably still sell/trade but at a fixed price?
SN won't survive on lurkers alone. Write comments.
(Score: 3, Informative) by butthurt on Tuesday July 26 2016, @09:39PM
I'm not sure; this suggests it's done in the way you say:
--https://web.archive.org/web/20150325082737/http://www.jpx.co.jp/english/equities/trading/domestic/06.html [archive.org]
However something else [chicagotribune.com] says that, for bond futures rather than stocks, they halted trading because of price fluctuation:
(Score: 4, Informative) by butthurt on Tuesday July 26 2016, @06:13PM
-- http://www.jpx.co.jp/english/equities/trading/domestic/04.html [jpx.co.jp]
(Score: 2) by Capt. Obvious on Tuesday July 26 2016, @08:02PM
Fascinating. I now want to find an (a) English and (b) detailed explanation of how the market works that is (c) written for intelligent laypeople. It seems far better at eliminating HFT than the US markets.
(Score: 2) by butthurt on Tuesday July 26 2016, @09:24PM
some things I found from a naive search of the Web regarding HFT on the TSE:
http://www.bloomberg.com/news/articles/2015-03-05/robots-take-tokyo-as-high-frequency-equity-infiltration-hits-70- [bloomberg.com]
https://www.saa.or.jp/english/publications/ronbun_H.pdf [saa.or.jp]
(Score: 2) by Capt. Obvious on Tuesday July 26 2016, @09:56PM
Hmmm.... the Bloomberg one makes me wonder if the Nintendo jumps last week were driven by algorithms rather than humans. Or a mix, humans say Nintendo doing cool stuff, then a feedback loop....
(Score: 2) by Capt. Obvious on Tuesday July 26 2016, @07:59PM
Trading doesn't seem to shut down after 18%. But the price cannot drop lower, which may in effect shut down trading.
There is an upper limit as well. It may be more or less than 18% (maybe a rise by 21%, so that a max up and a max down cancel?)