Nintendo shares hit record high in Japan, VGC reports

Shares of Nintendo reached a record high in Japan, pushing the video game giant’s market capitalization past the 10T yen mark for the first time since November 2007, VideoGamesChronicle’s Tom Ivan reports. The stock spike is driven by a number of factors, including the anticipated launch of a new consoles, expectation for the expanding IP business, and speculation that oil money is set to acquire more Japanese video game stocks, the author notes.