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Stocks

Investors snap up Tokyo stocks tied to emerging markets

TOKYO -- A couple of bits of good news lifted shares of Japanese companies with strong ties to emerging economies Wednesday.

With the yen depreciating, automakers and other exporters climbed higher. Suzuki Motor advanced 4% at one point before ending the day up 3.7%. The rally was fueled by Tuesday's decision by India's central bank to cut a key interest rate for the first time in six months and the resulting hopes for a boost to local unit Maruti Suzuki India, the country's top automaker.

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