April 19, 2019 / 12:16 AM / a month ago

CORRECTED-Nintendo shares untraded after key China Switch sales approval

(Corrects third paragraph to show Nintendo hampered by Chinese not Japanese regulations)

TOKYO, April 19 (Reuters) - Nintendo shares were untraded with a glut of buy orders in early Tokyo trade on Friday, a day after China’s Tencent won a key approval to begin selling Nintendo’s Switch console in China, the world’s largest games market.

Nintendo’s U.S.-listed shares rose 12 percent overnight after the Chinese province of Guangdong approved Tencent to distribute the Switch console with a test version of the “New Super Mario Bros. U Deluxe” game.

The Kyoto-based games maker has been hampered by Chinese regulations and the search for a partner in its efforts to bring its hybrid home-portable Switch console to China, holding back the development of console gaming there. (Reporting by Sam Nussey Editing by Paul Tait)

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