Precise Investors Editorial Team
Nikkei 225 index jumped as much as 3 per cent to a new all-time high of 57,960 points, while the broader TOPIX climbed 22 per cent to record levels of 3,863.90
Asian stock markets extended tech-led gains on Tuesday, while Japanese shares outperformed, surging to fresh record highs as investors cheered the so-called “Takaichi trade” following Prime Minister Sanae Takaichi’s election victory.
Nikkei 225 index jumped as much as 3 per cent to a new all-time high of 57,960 points, while the broader TOPIX climbed 22 per cent to record levels of 3,863.90.
Nikkei jumped around 4 per cent on Monday, and TOPIX gained 2.3 per cent.
The rally reflected strong investor optimism around Prime Minister Takaichi’s policy agenda, which markets view as supportive of growth, corporate profitability, and domestic investment.
Takaichi secured a decisive election win over the weekend, strengthening expectations that her administration will push ahead with pro-business reforms, fiscal support, and measures aimed at boosting capital investment, innovation, and strategic industries.
The landslide victory will reinforce her responsible but expansionary fiscal spending and a more Japan-focused foreign policy, ING analysts said in a recent note.
Risk-on sentiment will dominate the market for now, they added.
Technology stocks across the region extended recent advances after concerns over artificial intelligence disruption and valuations triggered a sharp sell-off in global tech shares last week.
KOSPI rose 0.5 per cent after climbing more than 4 per cent in the previous session.
Hang Seng also rose 0.5 per cent, with the Hang Seng TECH subindex adding 1 per cent.
In mainland China, the blue-chip Shanghai Shenzhen CSI 300 and the Shanghai Composite traded flat.
S&P/ASX 200 index edged up 0.2 per cent, while Straits Times Index dropped 0.3 per cent.
Futures tied to India’s Nifty 50 were muted.
Comments (0)
Average Rating: No ratings yet/5 (0 reviews)
No comments yet. Be the first to comment!