Nintendo Surges in Osaka Amid Speculation Over Event Next Month

Aug. 23 (Bloomberg) -- Nintendo Co., the world’s largest maker of video-game players, rose to the highest in more than three weeks in Osaka trading amid speculation the company will make an announcement at an event on Sept. 13.

Nintendo shares gained 8.4 percent to 13,100 yen at the 3:10 p.m. close in Osaka, the highest since July 28.

“Yesterday’s invitations from Nintendo for an event on Sept. 13 seems like the main reason for today’s jump,” Yusuke Tsunoda, an analyst at Tokai Tokyo Securities Co., said in a telephone interview.

Yasuhiro Minagawa, a spokesman at Nintendo, declined to comment on the event when reached by phone today.

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