Switch 2's explosive sales drive Nintendo's stock price to a new high, making the gaming industry a safe haven in the midst of global turmoil.

Amid global turmoil, Nintendo's strong sales growth has attracted more attention from investors seeking refuge, leading to the company's stock price soaring to a record high with the largest increase in two months. The stock surged 7.1% on Wednesday, marking the fifth consecutive day of gains, as there are indications that there is great demand in the market for the upcoming Switch 2. Data as of June 11 showed that this highly anticipated new gaming console sold over 3.5 million units in the four days following its release, far exceeding the initial Switch sales eight years ago. Other gaming companies' stock prices have also been rising, with the industry considered more resilient to uncertainties in tariffs and worsening geopolitical prospects. Square Enix Holdings Co. rose 4.7% and Bandai Namco Holdings Inc. climbed 3.9%.