TOKYO (Reuters) – Nintendo shares jumped 13 percent in early Tokyo trade on Friday, a day after China’s Tencent won a key approval to begin selling Nintendo’s Switch console in China, the world’s largest games market.
That is the biggest percentage gain since July 2016, when enthusiasm for hit mobile game Pokemon Go sent Nintendo shares rocketing. Friday’s jump sent the stock to its highest level since October and pushed its year-to-date gain to 32 percent.
Nintendo - Shares - Percent - Overnight - Province
Nintendo’s U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong approved Tencent to distribute the Switch console with a test version of the “New Super Mario Bros. U Deluxe” game.
The Kyoto-based games maker has been hampered by Japanese regulations...
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