Nintendo's Stock: Values Keep Rising

[offline]

OTBWY said:

offline said:

I'm sure you've heard about the GOP tax bill, which has been dominating headlines for the past few weeks. The decision to lower corporate rates will have a huge impact on certain industries. The result is a rotation from tech stocks to other sectors like financials. The plunge in Nintendo's stock price is not an isolated event. If you take a look at the stock prices of other major game companies like Activsion Blizzard or Take Two, you'll notice a similar drop within the same timespan.

It wouldn't affect the Japanese stock exchange lol. Zero effect. It was absolutely the Animal Crossing news. Which is why Nintendo is already recovering since new was released that it would start publishing games in China. That and Mario Run is the top selling game on iOS in 2017.

It's hard to take you seriously when you choose to ignore simple facts. Of course the GOP tax bill has an effect on overseas stock markets. Here are a few articles to make it easier for you to understand.


http://uk.businessinsider.com/trump-tax-reform-bill-driving-stock-market-crazy-2017-11
Trump Tax Reform Bill Driving Stock Market Crazy
"Tech — While the selling in this space on Wednesday may have come as a surprise to some, it makes sense when you consider that the sector has the third-lowest tax rate out of any industry, according to data compiled by S&P Global. That means companies in the group have less to gain from a corporate tax cut, and investors are recognizing that by pulling money and allocating it elsewhere."

https://www.ft.com/content/c63761db-55e1-39ff-8f4c-007406b76ea0
Tech stocks sell-off continues in Asia Pacific
"Asia Pacific equities dipped on Thursday as a sell-off for technology stocks on Wall Street carried over into the region."

https://www.ft.com/content/f45648c2-22f4-32a3-a1b5-00fe8de6d3b9
Tech stocks sell-off reaches Europe
"Technology stocks are under pressure after the sell-off in the sector that began on Wall Street overnight reached Europe."