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Stocks

Market Scramble: Relief in Europe gives Japanese equities a lift

Prospect of softer yen against euro buoys EU-facing stocks

TOKYO -- Shares in companies with significant exposure to Europe are making notable gains here as political anxiety fades in the wake of France's presidential election. 

Centrist Emmanuel Macron's victory, and the defeat of far-right candidate Marine Le Pen, brought relief for investors who had worried since the beginning of the year about a crushing blow to the cohesion of the European Union. With such fears in retreat, the euro is climbing.

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