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Tokyo: Stocks surge after Yellen speech weakens yen

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[TOKYO] Tokyo stocks snapped a two-day losing streak on Monday, rallying after Federal Reserve chief Janet Yellen hinted that US interest rates could rise before the end of the year, sending the yen lower and boosting exporters.

The benchmark Nikkei 225 index soared 2.30 per cent, or 376.78 points, to close at 16,737.49, while the broader Topix index of all first-section shares rose 1.97 per cent, or 25.34 points, to 1,313.24.


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