Why Nintendo Stock Is Jumping Today

(OTC: NTDOY) stock is posting gains in Tuesday's trading. The Japanese gaming giant's share price was up 3.1% as of 3 p.m. ET and had been up as much as 7.7% earlier in the session.

The stock market rallied early in today's trading following news that the Trump administration had started preliminary tariff negotiations with Japan and other countries. While the relief rally for the broader market faded, the news of trade negotiations with Japan is powering gains for Nintendo stock.

Following a conversation between President Donald Trump and Japanese Prime Minister Shigeru Ishiba yesterday, it looks like Japan could be one of the first countries to work out a new bilateral trade deal. Japan is sending a team to handle negotiations that will be led on the U.S. side by Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.

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Source Fool.com