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Stocks soared Tuesday, lifting the Nikkei 225 average to its highest close in almost 26 years.

The Nikkei spiraled upward 389.25 points, or 1.73 percent, to end at 22,937.60, a level unseen since Jan. 9, 1992. The key market gauge also marked the best finish since the collapse of the bubble economy in the early 1990s.

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