Nintendo Co. is under pressure to consider ending production of video-game machines after reporting disappointing sales of its Wii U console and forecasting a surprise loss, prompting its stock to tumble.
Electronic Arts Inc., producer of the “Madden NFL” video games, rose 12 percent after CRT Capital Group LLC recommended the stock, citing prospects for the March release of “Titanfall” and soccer titles.
Ctrip.com International Ltd., Qunar Cayman Islands Ltd. and eLong Inc. tumbled, sending Chinese stocks in the U.S. lower for a second week, on concern growing competition will cut profits at online travel companies.
Ubisoft Entertainment rose to the highest in almost three months after China lifted a 13-year ban on video-game consoles and as sales of Sony Corp. and Microsoft Corp.’s gaming machines helped drive the stock.
China lifted a 13-year ban on gaming consoles and will draft rules allowing the machines to be made in the new Shanghai free-trade zone, potentially opening the door for Sony Corp. to Nintendo Co. to enter the market.