Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day...
TOKYO - Nintendo Co Ltd shares jumped 17 percent in morning Tokyo trade on Friday, a day after China’s Tencent Holdings Ltd won a key approval to begin selling Nintendo’s Switch console in the world’s largest video games market.
Nintendo’s U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong allowed Tencent to distribute the Switch console with a test version of the “New Super Mario Bros. U Deluxe” game. The freeze resulted in a backlog which “means it is uncertain whether a strong line-up of launch titles can coincide with the hardware launch,” said market analyst Gu Tianyi at gaming industry analytics firm Newzoo.
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