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Japan Stocks See Record Surge

Japanese stocks on Wednesday saw their biggest gain in almost seven years, after Prime Minister Shinzo Abe promised to cut corporate tax rates. The benchmark Nikkei index closed the day up a stunning 7.7 percent. That was the highest one-day spike since October 2008. Stocks elsewhere in Asia also surged. Hong Kong's Hang Seng jumped 4 percent. South Korea's Kospi added 2.8 percent. The Shanghai Composite Index gained 2.3 percent. Investors appeared to be encouraged by Prime...

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