Monday, July 11, 2016

Nintendo Soars On Pokemon Success

Nintendo soared Friday as its new smartphone game debuted at the top of gaming charts, but the gains were not enough to prevent Tokyo stocks slipping for a fourth straight session ahead of US jobs data.

The video game giant rocketed nearly nine percent to 16 270 yen its latest foray into mobile gaming was embraced by consumers.

Pokemon GO - which connects a user's real-world location to the game as they try to catch on-screen characters - launched in the US and Australia and was an immediate hit with fans.

In March, the Super Mario maker released Miitomo, its first-ever mobile game, as it moved away from a longstanding consoles-only policy.

Despite Nintendo's rise, investors remained wary at the end of a volatile week dominated by the fallout of Britain's move to quit the European Union.

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