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Nintendo shares surge over 20% for Pokemon Go smartphone game


07-12-2016 00:18 BJT

Nintendo shares surged more than 20 percent during trading Monday thanks to the company's immensely popular Pokemon Go smartphone game. The new game has raised market expectations that Nintendo's mobile gaming strategy may finally pay off.

Extending Friday's gains, the company has seen its market value increase 36 percent in 2 trading days adding 7.5 billion dollars.

Pokemon Go became a top seller in the Apple Store virtually overnight after its roll-out last Wednesday in the US. The game allows players to go around in their real-life neighbourhoods while catching virtual Pokemon characters on their smartphones.

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