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Nintendo shares hit high record since 2016

Shares of Nintendo Co Ltd finished trading in the Asia’s trading session on Friday with a growth of 14.12 percent. Tencent can start the Nintendo Switch console sales in China.

nintendo switch will be on sales 1904Photo: Reuters

The value of shares grew by 17 percent in very early trading, marking the significant percentage increase since 2016. Friday's surge let the stock to soar to their highest level since October 2018 and added 32 percent to the annual growth.

The appearance of this console in China will be a big event for gamers, but there is no certain information when the console would be available for sales in country. Nintendo’s shares soared by 12 percent overnight  in U.S after it was allowed to sell the Switch console with a demo version of New Super Mario Bros.U Deluxe.

There is an opinion, that Tencent could release its own game on Switch inside of the country.

PC and mobile games dominate China’s market, some analysts presuppose that the news may lead to the Tencent and Nintendo link-up in the field of mobile devices. Previously, China’s legislative restrictions in the gaming industry made it difficult for the Japanese game maker to find partners in this field.

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