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Nintendo shares rise after filing shows BlackRock owns 5 percent stake
March 23, 2017 / 12:18 AM / 6 months ago

Nintendo shares rise after filing shows BlackRock owns 5 percent stake

A man stands in front of Nintendo's logo at the presentation ceremony of its new game console Switch in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Nintendo Co Ltd (7974.T) shares rose as much as 2 percent on Thursday after a regulatory filing showed BlackRock, the world’s largest asset manager, owns over five percent of stock in the Japanese games maker.

BlackRock owns a 5.17 percent stake in Nintendo, the filing, which was issued on Wednesday, showed.

The benchmark Nikkei average .N225 average was up 0.1 percent in early morning trade.

Reporting by Thomas Wilson; Editing by Stephen Coates

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