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Tepco Shares Surge on Speculation LDP to Allow Nuclear Restarts

Tokyo Electric Power Co.’s shares surged on speculation the Liberal Democratic Party’s election victory will pave the way for the utility to restart reactors at its Kashiwazaki Kariwa nuclear plant, the world’s biggest.

The stock, which lost more than 90 percent of its value after the meltdown of three reactors at its Fukushima plant in March last year, jumped 33 percent at the morning close in Tokyo, or by its daily limit, trading at 202 yen, the biggest gain since Oct. 11, 2011.