Pokémon goes bad for Nintendo as shares plunge

Nintendo shares plunged by the most since 1990 after the company said the financial benefits from the worldwide hit Pokémon Go will be limited.

The stock sank 18% to 23,220 yen (€199.50) at the close in Tokyo, the maximum one-day move allowed by the exchange, wiping out 708bn yen in market value.

After debuting in the US earlier this month, Pokémon Go launched in Japan on Friday and became available in Hong Kong yesterday.