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.
(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....