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Nintendo jumps on news from China


The Chinese province of Guangdong approved Tencent to distribute the Switch console with a test version of the ┬źNew Super Mario Bros. U Deluxe┬╗ game. After the news, Nintendo shares jumped 13 percent in early Tokyo trade on Friday.

Nintendo jumps on news from China

Tencent won a key approval to begin selling Nintendo's Switch console in China, shares soar over 14%

Stocks impacted: Nintendo Co. Ltd. (NTDOY)

That is the biggest percentage gain since July 2016, with the stock reached its highest level since October and registered a year-to-date gain to 32 percent. However, it remains unclear when the console may go on sale in China, with games needing to clear a separate approval process. Chinese gaming industry leader Tencent is trying to recover from a lengthy video game approval freeze in China last year.

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