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a doubt "The news pushed shares in Fuji Kyuko Co., a railway that serves the area, up 16 percent to their highest level since 1991."what does "up 16 percent" mean?

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a doubt

"The news pushed shares in Fuji Kyuko Co., a railway that serves the area, up 16 percent to their highest level since 1991."what does "up 16 percent" mean?

 

THe share price of Fuji Kyuko ordinary shares rose by 16% in the Tokyo stock market

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a doubt

"The news pushed shares in Fuji Kyuko Co., a railway that serves the area, up 16 percent to their highest level since 1991."what does "up 16 percent" mean?

 

"up 16 percent" means that the shares price's has gone up by 16%. So the prices of the shares for the company Fuji Kyuko Co. has risen(went up) by 16%

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