Nintendo’s share price reached its highest in three weeks after it announced it would hold a special event prior to the Tokyo Games Show mid-September.

Rumours of a redesign of the Nintendo 3DS have become increasingly prolific and while Nintendo has confirmed that the special event will focus on the 3DS, the company has refused to comment on any redesign speculation.

Nintendo’s shares slumped after it announced a price cut for the Nintendo 3DS last month following its poor launch sales.