By Yang Jie and Kosaku Narioka

Nintendo shares fell Wednesday as the company's gaming pipeline failed to inspire confidence among investors worried about regulatory setbacks in Europe and a worsening cost outlook.

The Japanese videogame company's stock dropped as much as 8.2% in early trade, before paring losses to sit 7.1% lower. It is on track for the biggest daily percentage loss in a month.

That came after the maker of the popular Switch 2 console announced its lineup of videogame releases in the coming months.

Despite featuring highly anticipated remakes of titles like "The Legend of Zelda", the mix disappointed some fans hoping for more original flagship releases. With new hits seen as essential to hardware sales, the lineup has added some uncertainty around Nintendo's performance heading into the year‑end shopping season.