Nikkei 225 index fell by more than 12%.
Nintendo's share price has tanked by more than 15% on Monday morning amid global fears of a US recession and rising tensions in the Middle East.
As highlighted by Dr. Serkan Toto, CEO of industry consultancy Kantan Games, almost every major Japanese gaming company saw a drop in share price as Japan's Nikkei fell by more than 12%, its biggest drop since the so-called 'Black Monday crash' of 1987.
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