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China console ban lift boosts Nintendo's share price

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.

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