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Nintendo and Sony Stocks Down as Markets Plunge

A day after the Dow Jones fell in New York City by over 500 points, the Asian markets fell on Wednesday at levels not seen in over two decades. India and Indonesia fell by approximately 10 percent. Japan’s Nikkei index fell by 9.4 percent to 9,203.

The video game industry was not spared by the economic free fall. Nintendo stock dropped a dramatic 10.6 percent for the day. Sony, which is as much dependent on selling high end products like televisions as they are on PlayStation 3 systems, fell by 12.3 percent for the day. The concern from investors is that a global recession could lead to reduced exports in response to tightening consumer budgets.

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