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Stocks

Sony touches 9-year high, buoyed by the PS4

'Spider-Man,' other announcements at industry expo spark investor interest

Sony's PlayStation 4 console was a major global hit.

TOKYO -- Sony stock soared 4% at one point Monday as investors turned their attention to the company's success at turning its video game business into a cash cow with the blockbuster PlayStation 4.

The shares touched a nearly nine-year high of 4,291 yen before closing the day at 4,290 yen, underpinned by a new "Spider-Man" game and other PS4 titles previewed at the Electronic Entertainment Expo, or E3, in the U.S. Sony ranked third in value of trading on the Tokyo Stock Exchange, behind only Nintendo and SoftBank Group.

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