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Tokyo: Stocks rise as Renesas jumps on acquisition deal

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[TOKYO] Tokyo stocks gained on Tuesday despite lingering worries about trade issues, as Japanese semiconductor firm Renesas surged nearly 4.5 per cent after announcing a deal to buy California-based IDT.

The benchmark Nikkei 225 index rose 1.30 per cent or 291.60 points to close at 22,664.69, while the broader Topix index was up 0.67 per cent or 11.30 points at 1,698.91.

AFP

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