Precise Investors Editorial Team
Nikkei 225 soared as much as 5.6 per cent to a new record high of 57,337.07, buoyed by political clarity after Takaichi’s ruling coalition secured an overwhelming majority in Sunday’s lower-house election
Most Asian stock markets rose sharply on Monday, while Japanese shares surged to record highs after Prime Minister Sanae Takaichi’s ruling coalition secured a decisive victory in a lower-house vote.
Nikkei 225 soared as much as 5.6 per cent to a new record high of 57,337.07, buoyed by political clarity after Takaichi’s ruling coalition secured an overwhelming majority in Sunday’s lower-house election.
The broader TOPIX index climbed 3.4 per cent to a record high of 3,825.67 points.
The coalition’s win will give Takaichi more freedom in policy decisions and strengthen her ability to pursue economic and foreign policy goals, ING analysts said in a note.
Markets expect Takaichi’s government to roll out increased public spending, tax incentives, and measures to boost wages and corporate investment, alongside continued support for strategic sectors such as technology, defence, and energy.
Today’s election results will likely boost equities but weigh on Japanese government bonds and the yen, ING analysts added.
KOSPI climbed almost 5 per cent after suffering sharp declines over the previous two trading days.
Samsung Electronics shares jumped more than 5 per cent after a report said the chipmaker will begin mass production of its next-generation HBM4 memory chips later this month.
Rival SK Hynix shares also climbed more than 5 per cent.
Elsewhere in Asia, Hang Seng gained 2 per cent with the Hang Seng TECH subindex adding 1.5 per cent.
In mainland China, the blue chip Shanghai Shenzhen CSI 300 index and the Shanghai Composite rose 1.3 per cent each.
S&P/ASX 200 index jumped 2 per cent, while Straits Times Index added 1 per cent.
Futures tied to Nifty 50 edged 0.1 per cent higher.
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