If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Sony and Nintendo shares jump

Videogame companies benefit from an improvement in Asian share prices following US Fed assurances

Sony and Nintendo have seen their shares improve, with the PlayStation 3 manufacturer share prices jumping the most in three weeks and the Wii manufacturer climbing to a five month high.

This comes as Asian shares rose for the first time in six days, following the US Federal Reserve assuring investors that consumer spending is strong enough to support the region's economy and gave no sign it would raise interest rates, as reported by the Telegraph.

"Like the Fed's comments suggest, the situation is certainly getting better than when major investment banks were collapsing," Christian Jin, who oversees USD 1.3 billion as head of global investment at CJ Asset Management in Seoul, told Bloomberg.


James Lee