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Toshiba surges ahead of return to Japan stock market's top tier

Stock up 17% as industrial group expects to attract more index funds

Toshiba's stock price surged close to 500 points on Jan. 25 to close at 3,460 yen, a five-month high. (Photo by Takaki Kashiwabara) 

TOKYO -- Shares in Toshiba soared almost 17% on Monday as investors turned hopeful that the Japanese conglomerate's return to the top section of the Tokyo Stock Exchange will lead to more demand for its stock from index funds.

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