Shares in the Japanese games giant Nintendo has dropped sharply after the company said successful Pokemon go will have a limited impact on its earnings.
Nintendo shares fell more than 15 per cent, having had more than doubled in value since the game launch on 6 July. Go was developed by Pokemon USA firm Niantic Nintendo said profits from licensing fees would be limited. Japanese stocks fall came the year opened with strong gains, boosted by strong us trade last week. Friday saw the S & p 500 reaching a record result off poor earnings results.
And the Nikkei 225 in Tokyo was 0.9% rise in 16,776.55 with investors also pinned their hopes on a new round of stimulus from the Bank of Japan later this week.
In China, "Hang Seng" Hong Kong 0.2% at 22,017.14, while the Shanghai composite continued mainland fixed in early trade. In South Korea, the kospi index rose 0.4 per cent to 2,017.51 points.
ASX/200 Australia rose 0.6 per cent to 5,532.40 points.
