Nintendo is well capitalized and obviously continues to have great positive cash flow so yeah, most of this I believe is panic selling, with everyone unloading their positions to increase their own liquidity, i.e investment firms etc.
China and India's accession just got that much easier.
Not really as their accession are tied to US trade. China is set to implode when the US finally stops spending money on junk. India will do much better though as they are no where as reliant on the US on their growth.
Can't wait finally for the death of the American car industry and the end of their truly rubbish cars.