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Silicon Studio hits limit-up for second straight day; GungHo trims losses after target price cut
On the Tokyo stock market on July 22, selling dominated game and entertainment-related shares, with 63 of the 99 registered stocks declining and 33 advancing. Silicon Studio hit its daily limit-up for a second consecutive day after announcing that Noriyuki Sawatani, CEO of AEROSALVA, a company working on next-generation search and rescue systems integrating AI and drones, has been appointed as an advisor. Extreme rebounded after unveiling the main visual for a completely new title in the Langrisser IP. GungHo Online Entertainment initially fell on reports that Mizuho Securities had maintained its neutral rating while cutting its target price from 2,900 yen to 2,400 yen, briefly dropping near its 25-day moving average, but later trimmed its losses.