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AAP
AAP
Business
YURI KAGEYAMA (AP Business Writer)

Global shares are mostly higher and Japan's Nikkei tops 70,000 before BOJ's rate hike

Japan AP the Bank of Japan Oil

TOKYO (AP) — Global shares mostly advanced and Japan's benchmark Nikkei 225 briefly topped 70,000 for the first time Tuesday before trimming early gains after the Bank of Japan raised its key interest rate to 1%.

The quarter percentage point hike took the benchmark rate to its highest level in three decades.

France's CAC 40 jumped 0.7% in early trading to 8,446.06, while the German DAX added 0.8% to 25,102.01. Britain's FTSE 100 surged 0.6% to 10,492.11.

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