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Tokyo stocks rally by break as Uniqlo operator soars

AFP

Tokyo stocks rallied on Wednesday morning as Uniqlo operator Fast Retailing, a market heavyweight, surged more than five percent after its chairman said the clothing chain would roll back price hikes that dented sales.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange surged 2.64 percent, or 421.03 points, to 16,349.82 by the break, while the broader Topix index of all first-section shares advanced 2.43 percent, or 31.63 points, to 1,330.98.

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