China console ban lift boosts Nintendo’s share price

Wednesday, 8 January 2014 10:05 GMT By Dave Cook

China’s State Council is said to be lifting it’s ban on the sale of game consoles across the country, and the news has had a knock-on effect on Nintendo’s share price.

The BBC reports that Nintendo’s shares rose by 11% to ¥15,850 on the Tokyo Stock Exchange following the news.

The site adds that despite China’s 14-year console ban, the nation’s gaming market swelled by 38% in 2013, and was worth 83 billion Yuan – approximately $13 billion / £8 billion.

We reported on the China console ban lift yesterday. Hit the link for all the details.

What do you think of the move? Let us know below.

Via CVG.