Nintendo shares soar over 20% on Pokemon Go hopes

Nintendo shares soared again in Japan on Monday, bringing market-value gains to $7.5 billion in just two days.
Attendees walk past the Nintendo booth during the Electronic Entertainment Expo in Los Angeles in 2011.
Attendees walk past the Nintendo booth during the Electronic Entertainment Expo in Los Angeles in 2011. PHOTO: REUTERS

TOKYO (REUTERS) - Shares of Japan's Nintendo Co soared more than 20 per cent in early Tokyo trading on Monday (July 11), extending last week's gains, on hopes that the popularity of its new Pokemon GO smartphone game will boost its results.

The video game giant jumped 3,310 yen to 19,580 yen after its latest foray into mobile gaming, launched in the US and Australia, became an immediate hit with fans.

Pokemon GO, which has shot to the No 1 free app in Apple Inc's US iTunes store, is expected to be rolled out in Japan soon.