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Companies

Hot Europe lifts shares of air conditioner maker Daikin

Higher sales in France and Italy expected to offer relief from China slowdown

People cool off in the Trocadero fountains across from the Eiffel Tower in Paris as a heat wave sweeps Europe.   © Reuters

OSAKA -- Shares in Japanese air conditioner maker Daikin Industries, a world leader in the sector, hit a year-to-date high on Wednesday amid a heat wave in Europe that the company thinks will help offset slower sales in China.

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