Shares in Japanese gaming giant Nintendo have fallen sharply after the firm said Pokemon Go's success would have a limited impact on its earnings.

Nintendo shares dropped by over 15%, after they more than doubled in value since the 6 July game launch.

Pokemon Go was developed by US firm Niantic and Nintendo said profits from licensing and fees would be limited.

The fall came as Japanese shares overall opened with solid gains boosted by strong US trading last week.

Friday saw the S&P 500 reach a record high shrugging off poor earnings results.

Tokyo's Nikkei 225 index was 0.9% higher at 16,776.55 with investors also pinning their hopes on a fresh round of stimulus from the Bank of Japan later this week.

In China, Hong Kong's Hang Seng was up 0.2% at 22,017.14 while the mainland Shanghai Composite remained flat in early trade.

In South Korea, the benchmark Kospi edged up 0.4% to 2,017.51 points.

Australia's ASX/200 rose by 0.6% to 5,532.40 points.

Published Date:2016-07-25