Asian Stocks End The Week Higher

Stock markets in China, Japan, and South Korea ended the last trading session of the week high, while several stock exchanges closed due to a holiday.

I got a company. Tech giant on the approval of the authorities in Beijing to sell console company Nintendo Co., Ltd. in China.

Inflation in Japan at 0.5% in March

Japan's consumer prices rose 0.5% in March compared to the same month last year, according to the Bureau of Statistics, with the index of 101.5. On a monthly basis, CPI has not changed seasonally adjusted.

Taking into account all items minus fresh food, the CPI reached 101.5, down 0.8% per year, but unchanged monthly. Prices of all non-food items and energy increased by 0.4% year-on-year but remained unchanged from February's 101.3. Fuel, light and water prices rose significantly by 5.1% compared to March 2018, or 0.2% on a monthly basis. Food and transportation prices fell sharply, dropping 0.3% year on year, or 0.3% and 0.4% lower than in February.

The greenback was almost flat against the yen, dropping just 0.07% to hit 111.914 yen at 7:42 am.

Nintendo shares rise 16% after Tencent approval

Nintendo shares jumped more than 15 percent on Friday after media reported earlier that Chinese technology giant Tencent Holdings Limited had received approval from the Chinese authorities to sell the Nintendo console in China.

Nintendo shares rose 15.92% at 5:20 am CET after organizers in south China's Guangdong Province gave Tencent the green light to launch a switch with the game of Super Mario Tio in China. Nintendo has no presence in the largest gaming market in the world so far as the keyboards are officially banned in China until 2014 when the government removed the ban. However, analysts cautioned that it may take some time before a switch is issued in China and that its games will be subject to separate approval processes.

Reports in February first indicated that Nintendo was preparing to issue a second version of Switch next year. However, subsequent reports in March reported that the company was preparing for two versions of Switch to be issued later in the year.

Asian stocks close

• In Japan, the Nikkei rose 0.46% at 7:21 CET
• Meanwhile, in China's mainland, the Shanghai Composite and Shenzhen Composite Composite Index reversed losses, rising 0.22% and 0.40% at 7:43 CET.
• South Korea's Kospi rose 0.29% at 7:24 CET.