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Nintendo shares plunge 16% on Pokemon Go warning

Pokemon

TOKYO, Japan, 25 Jul – Nintendo shares dived in Tokyo on Monday in response to the video game giant’s warning over the “limited” impact of the hugely popular Pokemon Go app on its financial results.

The stock plunged nearly 16 percent to 23,720 yen in early trading after more than doubling in a huge rally following the game’s release earlier this month.

Nintendo is the creator of the Pokemon franchise but the game was developed by US-based Niantic.

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