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Asia Markets: Nintendo is a winner on sluggish day for other Asian stocks

Shares in Japan’s Nintendo Co. rallied strongly early Thursday, following the announcement of a new mobile game featuring its famed Mario character, though broader stocks across the Asian region were mostly lower.

As the Nikkei Stock Average NIK, -0.32% eased 0.3% amid further yen strengthening against the dollar, the videogame maker has jumped 14%, reversing some of the late-July pullback seen after Nintendo’s stock surge that month in the wake of the release of “Pokemon Go.” But broader equity weakness in Japan came as a revised economic report showed inflation slowed and stagnated wage growth.

Elsewhere, Australia’s S&P/ASX 200 XJO, -0.71% was recently down 1%, Hong Kong’s Hang Seng Index HSI, +0.43% was off 0.1% and Korea’s Kospi SEU, +0.09% was down 0.2%.

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