08 September 2016 at 5:28 GMT
Nintendo surged after the company announced that a new version of its popular Super Mario franchise will be appearing on Apple's new iPhone, writes Aza Wee Sile. The surge occurred despite declines across most Asian markets on Thursday as investors weighed what the Fed's Beige Book means for US interest rates. The US-listed shares of Nintendo jumped more than 28% Wednesday after the announcement. Nintendo's stock "has stabilised from its initial exuberance following the launch of Pokemon Go, but the fact remains that Nintendo is on the cusp of a major product cycle in both consoles and smartphones," said Han Joon Kim, research analyst at Deutsche Bank.
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