Saudi Arabia's Sovereign Wealth Fund Further Reduces Its Stake in Nintendo

Forex - Saudi Arabia's sovereign wealth fund has continued its sales of Nintendo shares that began in August. According to a report submitted to the Ministry of Finance of Japan, the Public Investment Fund (PIF) reduced its stake in Nintendo from 7.5% to 6.3%. During a six-week period from mid-August to October, the PIF sold more than 17 million shares. The PIF continues to be one of Nintendo's largest shareholders.