Square Enix stock shares rise after FF13 Xbox 360 reveal

Yesterday, Square Enix announced that former PS3-exclusive Final Fantasy 13 will be jumping ship and heading over to the Xbox 360 as well. Though this sudden move might upset a lot of Final Fantasy fans across various consoles (and handhelds), investors in Japan seem to like the idea. Over at the Tokyo Stock Exchange, Square Enix’s stock shares have gotten an upwards swing following yesterday’s big reveal at E3.

Most of us must still be reeling in utter shock after Square Enix‘s announcement yesterday that Final Fantasy XIII – previously known as a PS3-exclusive – will now also be heading to the Xbox 360. Though many are quick to give an outcry, investors seem to be welcoming the cross-platform announcement with open arms (and open wallets).

When the stock market in Japan closed yesterday, stock shares for Square Enix got a substantial spike and got a 5.2% gain, closing at JPÂ¥ 3,250 (US$ 31) in the Tokyo Stock Exchange. This is the biggest gain Square Enix has had since May 22.

What some of you might find weird about this is that Square Enix’s upward movement in the Tokyo Stock Exchange happened at all, since it’s been confirmed that FF13 will not arrive on the Xbox 360 for Japan. Though that may be the case, consider that the stock market isn’t wholly dependent on console wars and the dictates of exclusivity politics. Investors view the stock market from a financial perspective.

• E3 2008: Final Fantasy XIII also heading to Xbox 360, Square Enix talk roundup
• E3 2008: Japan won’t get Xbox 360 FFXIII, Versus XIII still PS3 exclusive, new FFXIII trailer

Via Bloomberg