Nintendo Slumps After Stock Excluded From Nikkei 225
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Nintendo Co., the world’s largest maker of video games, fell the most in more than two years as CLSA Asia-Pacific Markets cut the stock to sell after the company wasn’t added to the Nikkei 225 Stock Average.
The shares fell 8.4 percent to 10,860 yen as of the close of trade in Tokyo, the biggest drop since July 2011. Before today, the Kyoto-based company had gained 31 percent this year amid expectation the transfer of its listing to Tokyo from Osaka may see the stock added to the Nikkei.