Nintendo shares drop as PIF cuts stake

09/10/2024 Argaam
Nintendo logo

Nintendo logo

Nintendo stock price declined today, Oct. 9, as the Japanese regulatory authorities affirmed that the Public Investment Fund (PIF) reduced its stake in the gaming company to 7.54% from 8.58%.

 

The Saudi sovereign wealth fund raised its holding in Nintendo in February 2023 from 7.08% to 8.58% to be the biggest shareholder in the company.

 

The Tokyo-listed stock ended 2% down at JPY 7,877.

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