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Sina Jumps Most Since ’04 on CEO’s $456 Million Investment

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Sina Corp. surged the most in 11 years after the Chinese Internet company said its chief executive officer has agreed to buy $456 million of new shares.

The stock rallied 23 percent to $50.21 in New York on Monday. Trading volume of 13 million shares was more than 8 times the daily average of the past three months.