Overview

• Sony's stock value dropped by over 10%, making it one of the hardest-hit companies in the Japanese gaming sector.
• Nintendo's shares fell by 7.85%, and the company has delayed US pre-orders for its upcoming Switch 2 console due to tariff concerns.
• The Nikkei 225 index declined by 6%, reflecting broader market instability across Asia following the implementation of US tariffs.
• Other Japanese gaming companies, including Bandai Namco, SEGA Sammy, and CAPCOM, experienced stock declines ranging from 5% to over 7%.
• Goldman Sachs raised its estimate of a US recession within the next year to 45%, citing the economic impact of the tariffs.