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Sony Jumps After Debuting Affordable Virtual-Reality Headset

  • Playstation VR goggles will go on sale in October for $399
  • Facebook priced Oculus Rift at $599 while HTC Vive costs $799
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Sony Corp. climbed to its highest since early January after unveiling a virtual-reality headset priced significantly below rival devices, fueling investor optimism about the Japanese company’s foray into next-generation gaming.

Shares of the electronics maker climbed 3.2 percent to 2,883 yen at the close in Tokyo, their highest level since Jan. 6. The Nikkei 225 Stock Average declined 0.8 percent.