Shares of Nintendo have reached the highest price in 9 years, the Wall Street Journal business publication reports.
By the close of trading on September 19, the value of Nintendo securities had increased by 7% to
¥40.9 thousand ($367) per share.
The last time the Japanese company’s shares reached such a level was in 2008 thanks to the success of the Nintendo Wii.
In 2018, the growth of the Nintendo market value is due to the record commercial performance of the Nintendo Switch hybrid console.
Between these peaks, Nintendo shares did not rise above ¥9 thousand ($80) apiece.
The Wall Street Journal links the stock price surge with information about the release of the popular MOBA Strike of Valor (aka Honor of Kings) by the Chinese corporation Tencent on the Nintendo Switch. This was announced in the middle of last week.
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