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Most stocks (MXAP) climbed, helping the MSCI All Country World Index gain for a fifth day, while the dollar maintained losses against higher-yielding peers amid speculation the U.S. economy will continue to recover. China’s yuan surged to a 17-year high. MSCI’s global index advanced 0.1 percent at 12:59 p.m. in London as benchmark equity gauges in Japan, India and Russia rose 0.8 percent or more. Financial markets from Hong Kong to the U.K. and the U.S. are closed for holidays today. The dollar
BID Co., Ltdakened 0.2 percent to $1.3068 per euro. The yuan touched 6.3160 versus the U.S. currency, the strongest level since 1993, on speculation China’s policy makers will tolerate appreciation to stem capital outflows