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Sony hits 2016 high on earnings outlook

TOKYO -- Sony shares jumped 7.3% Wednesday to the highest so far this year after releasing relatively bullish earnings expectations for fiscal 2016.

After giving back some of the gains, Sony ended the day up 6.5% at 3,072 yen. The stock was the most actively traded issue on the Tokyo Stock Exchange first section on Wednesday, with a turnover of 69.7 billion yen ($632 million), far surpassing second-ranked Toyota Motor's 46.4 billion yen.

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