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Asia Markets at New Highs for Year; Europe Gains

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Asian stock markets climbed to new highs for the year Thursday after strong U.S. industrial production data boosted confidence the world's largest economy is growing again, BusinessWeek reports. European shares were higher. The gains in Asia tracked Wall Street's eighth rise in nine sessions after the Federal Reserve said industrial production jumped 0.8 percent in August -- a possible precursor of greater U.S. demand for mainstay Asian exports like cars, gadgets and computer chips.
SOURCE:   BusinessWeek