Asian stocks retreat on disappointing earnings from Nintendo

Stock markets across Asia dropped as disappointing earnings from Ninendo overshadowed upbeat quarterly figures from Samsung Electronics.

The MSCI Pacific index was down 0.2% in Tokyo morning. At the time of writing, Japan's Nikkei was down 0.45%, tracking the retreat in Dollar-Yen pair from the session high of 104.69 to 104.35 levels. Shares in Samsung Electronics rose 1.21% after posting profit that beat analyst estimates even after the demise of its fire-prone Note7 smartphone. South Korea's Kospi index rallied 0.20% due to rise in Samsung shares. 

Nintendo shares dropped 0.20% after the gaming company announced a cut its operating profit outlook. 

Stocks in Australia dropped 0.75%, while those in New Zealand rallied 0.62% even though the nation's trade deficit widened to record in September.