Nintendo shares surge as China opens its doors

Nintendo’s investors were jubilant last night on the news that China would lift its sales ban on foreign video games, causing the struggling consumer electronics company’s share price to rise 10.7 per cent.

Shares closed at 15,850 yen (£92.1) after news that China’s State Council would allow foreign-made video games consoles into the country’s 83bn yuan (£8.37bn) video games market.

After its 2007 share price high of 61,400 yen, Nintendo stock has since lost 74 per cent of its value as the company's profits have declined on weakening sales of its Wii and Wii U consoles over the past six years.