The reason I made was this post was that the spike occurred at the exact moment the Xbox One was announced at the conference. (1:05 PM EST).
However, looking at other Japanese stocks, I'm only finding one Japanese stock with similar behavior today to Sony's: Panasonic [1].
I'm not a fan of asserting that correlation equals causation, but the timing of the stock behavior is one hell of a coincidence. But I admit that I could be wrong.
However, looking at other Japanese stocks, I'm only finding one Japanese stock with similar behavior today to Sony's: Panasonic [1].
I'm not a fan of asserting that correlation equals causation, but the timing of the stock behavior is one hell of a coincidence. But I admit that I could be wrong.
[1] https://www.google.com/finance?q=OTCMKTS%3APCRFY