Tuesday, January 7, 2014

Nintendo shares surge as China eases gaming console ban

People ride an escalator past Nintendo Co advertisements at an electronics retail store in Tokyo 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 world's third-largest video game market in terms of revenue. "Nintendo hasn't 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 Nintendo's 55 percent.








via Gaming News Headlines - Yahoo! News http://news.yahoo.com/nintendo-shares-surge-china-eases-gaming-console-ban-021923411--sector.html

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