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Sony & Nintendo’s shares jump after China console ban rumour

Monday, 28th January 2013 14:42 GMT By Dave Cook

This morning we reported on a rumour that the Chinese government is looking to lift its 13-year ban on videogame consoles. As a result of speculation surrounding the alleged move, Sony and Nintendo’s stock has risen sharply thanks to their proximity in the East, and their interest in the region.

Bloomberg reports that Sony’s stock rose 9.1% in Tokyo to 1,407 yen per share – confirmed by the site to be Sony’s highest figure since April 2012.

Nintendo’s stock rose by 3.4% to 9,630 yen per share, which was confirmed as their highest figure since December 7th.

Mitsuo Shimizu, analyst at Iwai Cosmo Holdings Inc. said of the proposed move to lift China’s console ban, “Investors are welcoming the report. It would open up a new and huge market for the video-game makers.”

What do you make of the potential ban lift? Let us know below.

Thanks Gamespot.

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16 Comments

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  1. Maximum Payne

    But Microsoft’s shares drop ? :D

    #1 1 year ago
  2. DSB

    @1 They don’t make enough on the Xbox for investors to really care.

    Microsofts stock has barely moved over the last 3 years.

    #2 1 year ago
  3. OmegaSlayer

    YAAAY!!!

    #3 1 year ago
  4. TD_Monstrous69

    If I’m not mistaken, didnt the PS3 recently just pass a Chinese certification board’s exam?

    #4 1 year ago
  5. theevilaires

    Hey this might even be a slim chance the nextbox will survive an extended 6 months after its launch in that region :P Seriously though I had no idea there was a ban on consoles by China….Boy oh boy no matter how shitty you think your life is always remember and be thankful you weren’t born in China or North Korea.

    #5 1 year ago
  6. Dragon246

    As always, investors are the stupidest bunch in existence. But hey, someone just made a profit in intra-day trading, so good for them.

    #6 1 year ago
  7. PC_PlayBoy

    Consoles are pish. MS, Sony and Nintendo should just give up.

    #7 1 year ago
  8. woe

    @2 Barely moved over the last 3 years? keep lying through your teeth.

    #8 1 year ago
  9. Night Hunter

    @8: He’s right, though. It was down in 2009, but since 2010 there was barely any real movement. 1 Dollar up, 1 dollar down, nothing ground shaking.

    #9 1 year ago
  10. lexph3re

    All those little Chinese babies that are about to get their hands on DS’s. (Not like they didn’t already have the specs and a knock off of it to begin with.)

    #10 1 year ago
  11. Sadismek

    Wait, China had no consoles for 13 years? What the hell?!

    #11 1 year ago
  12. DSB

    @8 I’m sure you’re more comfortable sticking with baseless assumptions, but ever since they recovered from the crash, Microsoft have been holding steady while companies like Apple and Google zoomed past.

    http://investing.money.msn.com/investments/equity-charts?symbol=us%3AMSFT

    http://investing.money.msn.com/investments/equity-charts?Symbol=goog

    http://investing.money.msn.com/investments/equity-charts?Symbol=AAPL

    And here’s the index chart, which clearly puts Microsoft way behind the curve of the technology sector.

    http://investing.money.msn.com/investments/stock-charts/?symbol=%24compx

    #12 1 year ago
  13. dreamcastnews

    What in the blue hell has this got to do with Microsoft? The header says ‘Sony & Nintendo’ so why bring Microsoft into a debate about who has the bigger digital cock?

    #13 1 year ago
  14. Ireland Michael

    @13 Because theevilaireslol

    #14 1 year ago
  15. DSB

    @13 Why wouldn’t we?

    Facts are always going to be offensive to fanboys, but Microsoft is obviously left out of those considerations. Why is that?

    Obviously the market doesn’t think that Microsoft has a lot to gain from this, and it doesn’t seem to care either way.

    We’re all free to make of that what we will.

    Either way I think it beats the hell out of discussing whether Dantes carpet matches his drapes.

    #15 1 year ago
  16. dreamcastnews

    @15 because I could understand if this said ‘Sony & Nintendo shares rise, Microsoft stays static’ – but it doesn’t, I can’t understand why you boys like to prod each other with sticks over something that has little impact aside from branding, I thought we as gamers, were more intelligent than say, Football fans.

    But whatever, live and die by the pad or some shit like that.

    #16 1 year ago