Reuters: Hot Stocks: KDDI shares surge 9 pct after record quarterly earnings

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KDDI shares surge 9 pct after record quarterly earnings Jul 31st 2013, 00:36 TOKYO, July 31 | Tue Jul 30, 2013 8:36pm EDT TOKYO, July 31 (Reuters) - KDDI Corp shares surged as much as 9.3 percent on Wednesday after Japan's No.2 mobile carrier reported a record first-quarter profit that exceeded market expectations. The carrier's shares rose as high as 5,530 yen, almost reaching a 13-year high of 5,540 yen hit last week. The company, which last year began offering Apple Inc's iPhone, reported strong smartphone sales and favourable reaction to a marketing campaign combining mobile and fixed-line service. (Reporting by Edmund Klamann; Editing by Paul Tait)

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