Nintendo Surges by Limit on Plan to Develop New Smartphone Games

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Attendees play the new Pokemon X and Pokemon Y video games on the Nintendo Co. 3DS at a launch event in New York.

Louis Lanzano/Bloomberg

Nintendo Co. surged by the daily limit at the close of Tokyo trading after announcing the end of its holdout from smartphone games, with plans to develop new titles for mobile devices made by other companies.

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