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Gunze Shares Surge After Report of China Touch-Panel Production

Dec. 7 (Bloomberg) -- Gunze Ltd. gained the most in 18 months in Tokyo trading after a report said the Japanese clothing and plastics maker would increase touch panel output 10-fold and set up a factory in Guangzhou, China.

The stock rose 6.8 percent to 344 yen as of 9:21 a.m. on the Tokyo Stock Exchange, the biggest gain since June 2009. Japan’s benchmark Nikkei 225 Stock Average lost 0.6 percent.

Link to Company News:{3002 JP <Equity> CN <GO>}

To contact the reporter on this story: Adam Le in Osaka at ale14@bloomberg.net

To contact the editor responsible for this story: Drew Gibson at dgibson2@bloomberg.net

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