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Global equity markets rallied and the yen fell to a nearly seven-year low against the dollar Friday after the Bank of Japan surprised financial markets by ramping up its massive stimulus program.MSCI's all-country world equity index rose 0.9 percent, while the FTSEurofirst 300 index of top European shares gained 1.8 percent.The Standard & Poor's 500 Index was up 21.07 points, or 1.06 percent, at 2,015.72 .The Nasdaq Composite Index was up 61.78 points, or 1.35 percent, at 4,627.92 . The dollar surged past its Oct. 1 high of 110.09 yen, rising as far as 112.42 yen, its highest since January 2008 . The euro jumped to a six-week high against the yen of 140.70 yen, and fell 0.83 percent to $1.2507 against the dollar.
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