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Equities

Apple supplier stocks surge in Asia

Strong quarterly iPhone sales lift investor sentiment

TOKYO -- Asian investors are snapping up shares of Apple suppliers on Wednesday, following the U.S. gadget maker's announcement of stronger-than-expected quarterly earnings overnight.

Nitto Denko, a maker of polarizing plates used in smartphone display panels, was up just over 5% in morning trade, at 8,650 yen in Tokyo. Alps Electric, which makes image stabilizers for smartphone cameras, was up 5.7% at one point to 2,609 yen.

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