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| Nintendo shares surge on China move | Nintendo shares surge on China move |
| (about 1 hour later) | |
| Shares of Japan's Nintendo have surged after China temporarily lifted a sales ban on foreign video games consoles. | Shares of Japan's Nintendo have surged after China temporarily lifted a sales ban on foreign video games consoles. |
| The government has said it will allow foreign firms to make consoles in the recently-launched Shanghai free trade zone and sell them across the country. | The government has said it will allow foreign firms to make consoles in the recently-launched Shanghai free trade zone and sell them across the country. |
| Nintendo's shares jumped as much as 11% to 15,870 yen on the Tokyo Stock Exchange. | |
| China banned gaming consoles in 2000, citing their adverse effect on the mental health of young people. | China banned gaming consoles in 2000, citing their adverse effect on the mental health of young people. |
| The lifting of the ban opens up a potentially lucrative market for console makers. | The lifting of the ban opens up a potentially lucrative market for console makers. |
| According to data released at the annual China games industry conference in December, China's video game market grew 38% in 2013, from the previous year, to 83bn yuan ($13bn; £8bn). | According to data released at the annual China games industry conference in December, China's video game market grew 38% in 2013, from the previous year, to 83bn yuan ($13bn; £8bn). |
| However, the ban on gaming consoles meant the market was dominated by PC games - which accounted for nearly two-thirds of the market. | However, the ban on gaming consoles meant the market was dominated by PC games - which accounted for nearly two-thirds of the market. |
| Analysts have said the Chinese games console market could be worth tens of billions of dollars. | Analysts have said the Chinese games console market could be worth tens of billions of dollars. |