Nintendo stock sees stock rise 11%, highest gain since 2008

Japanese stocks rose, with the Topix (TPX) Index capping its longest win streak this year, on optimism the yen’s weakness will improve the earnings outlook for exporters. Exporters to Europe Nintendo Co. and Nippon Sheet Glass Co. (5202) jumped more than 10 percent after the yen reached a three-year low against the euro. ...Nintendo, a maker of video-game players that depends on Europe for a third of its sales, soared 11 percent to 11,850 yen, the biggest gain since 2008.

Full report here (thanks Matt!)
Categories: General News


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