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Summary
Asian shares rose on Wednesday, led by electronics makers and resource stocks, after successful European debt auctions boosted hopes for global growth and lifted commodity prices. The euro steadied near its highest in 2 weeks, and easing fears about Europe's debt crisis also fuelled gains for higher-yielding currencies such as the Australian dollar. Industrial raw materials also gained, with copper up for a seventh day running, while crude oil extended its rally into a third day. Tokyo's Nikkei .N225 rose 1.6 percent to top 10,000 points for the first time in a month, picking up steam after closing above its 25-day moving average on Tuesday. US stocks gained more than 2 percent on Tuesday, with the S&P 500 SPX rising above its 200-day moving average for the first time in a month, as investors took heart from successful debt auctions in some of the euro zone's weaker members.
