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Nintendo shares surge as China eases gaming console ban

08
Jan
2014

Shares in Nintendo Co Ltd jumped as much as 6 percent to a 2-1/2 year high on Wednesday after China temporarily lifted a 14-year-old ban on selling video game consoles. The move could pave the way for Nintendo, Sony Corp and Microsoft Corp to enter the worlds third-largest video game market in terms of revenue. Nintendo hasnt had a catalyst for a long time, so if it can revive (via) the Chinese consumer market then it would be positive, a Tokyo-based trader said. Sony also rallied more than Nintendo in 2013, climbing 91 percent to Nintendos 55 percent.

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