Japan equities surge to 10 1/2-month high, yen nears 8-month low
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Tokyo
A KIND of euphoria or "irrational exuberance" (to borrow a phrase from former US Federal Reserve Board chairman Alan Greenspan) appears to have infected Japan's financial markets with the election of Donald Trump's as the next US president as Tokyo share prices continue to surge while the yen slides.
The Nikkei 225 stock average rose for a sixth consecutive trading day on Thursday, ending at a 10 1/2-month high of 18,333.41 while the Japanese currency continued tumbling to reach a near eight-month low as it approached 113 to the dollar.
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