Currency Turmoil Slaps Nintendo

Nikkei stock index drops to lowest point in five years, with currency flux hitting large Japanese exporters.

Tokyo's index of top businesses continues to plummet as global markets look for signs of stabilization. Exporters such as Mazda Motor Corp. and Nintendo Co. were slapped by a rally in the yen against other major currencies and after continued losses on Wall Street overnight, reports MarketWatch.

"It's very difficult for exporters to see any growth going ahead," said Andrew Sullivan, a sales trader at Main First Securities in Hong Kong.

The yen to Euro ratio dropped substantially more than the U.S. dollar, so U.S. holiday sales will greatly affect Nintendo's homeland direction. As of yet, the economic slump has not challenged American sales.

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