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Stocks

McDonald's Japan shares continue to surge

Market buying on growth prospects

TOKYO -- Investors are sending McDonald's Holdings (Japan) stock into record territory for the first since going public in August 2001 as buying picks up on the company's prospects for growth.

McDonald's Japan stock has gained momentum since the end of April. In the beginning of May, share prices climbed higher for 17 straight days after the company significantly upgraded its earnings forecast for the current year ending December. The stock gained 16% over that time.

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