Japan: Stocks Slide, Nintendo Down 9.1%

As the Nikkei index drops to its lowest level since 2005, big name exporters fear the worst.

Japan's market fell to its lowest point since 2005 amidst growing fears the U.S. economic bailout plan will not deter an American recession. Even companies like Nintendo declined on worries about a prolonged U.S. downturn, said Noritsugu Hirakawa, a securities company expert in Tokyo. Various news services put Nintendo's stock drop between 6.7 and 9.1%. The weakened U.S. dollar hit Nintendo particularly hard as the American market is their largest source of export.

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