Nintendo’s stock is rising after China lifts gaming console ban
With China’s fourteen year ban on video game consoles lifting today, Nintendo’s stock is seeing a nice jump. The stock has risen close to 11% in Japan, jumping up to 15,850 yen. Of course, Nintendo is not the only company benefiting from the announcement, as Sony’s stock price has risen 1.3% to 1,825 yen per share.
Now that China has lifted the ban on selling video game consoles, it’s likely that Nintendo, Sony, and Microsoft will begin to leverage opportunities in order to expand their markets into the new region.
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