Nintendo’s stock jumps by 11% due to currency value changes
You may have heard the news that Nintendo’s stock is on the rise, up 11% in one day after they announced their third party support over the next couple of months via a press release. Don’t excited though: Japanese stock-buys aren’t suddenly loving the company again. The cause of the jump seems to be a shift in value of the yen against the euro, meaning that anyone exporting products from Japan to Europe will be seeing an increase in gains for the time being.
That’s not to say that people might not be suddenly on board with the Big N again or that the increase isn’t substantial (it’s the biggest jump since 2008), but chances are that this is more of a financial-jargon reason than anything we should be invested (pun) in as gamers. As Renegade Kid’s Jools Watsham put it:
Thanks to Captain N for the tip.
