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Japanese stocks rally as ascendant dollar brings in funds

UK, German and French stocks up on global market shift

The rising Nikkei Stock Average reflects money flowing into Japanese equities. (Photo by Konosuke Urata)

TOKYO -- Japanese stocks are trending higher as money leaving emerging markets pours into richer economies on the back of U.S. monetary tightening.

The Nikkei Stock Average on Monday climbed to 23,002, the highest since Feb. 2, in a third straight session of gains. The index has been on an uptrend for nearly two months since a March 23 trough of 20,617, rising about 12% during the period.

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