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Tokyo's benchmark Nikkei 225 jumps after landslide victory for PM Takaichi's ruling party
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....okyo's benchmark Nikkei 225 jumps after landslide victory for PM Takaichi's ruling party<BR>PTI News<BR>Dated:- 9-2-2026<BR>PTI<BR>Bangkok, Feb 9 (AP) Tokyo's Nikkei 225 share index jumped as much as 5 per cent to a record on Monday after Japanese Prime Minister Sanae Takaichi's governing party secured a two-thirds supermajority in a parliamentary election. The landslide victory gives Takaichi a....
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.... much stronger mandate to pursue market-friendly policies, though the impact on Japan's currency and bond markets may not be quite so positive. "So overall, as the LDP has gone from a very weak government that really couldn't do anything to an extremely strong government now with the supermajority of the lower house, they really could call the shots,” said Neil Newman, managing director and he....
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....ad of strategy at Astris Advisory Japan. Other markets across Asia also advanced, with South Korea's Kospi surging 4 per cent and some other benchmarks gaining more than 1 per cent. US futures edged higher after the US stock market roared back on Friday as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge. The S&P 500 rallied 2 per cent f....
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....or its best day since May. The Dow Jones Industrial Average soared 1,206 points, or 2.5 per cent, and topped the 50,000 level for the first time, while the Nasdaq composite leapt 2.2 per cent. The combination of a rebound in tech shares, Wall Street's rally and other upbeat news lifted shares early Monday. NHK, citing results of vote counts, said Takaichi's Liberal Democratic Party, or LDP, al....
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....one secured 316 seats by early Monday, comfortably surpassing a 261-seat absolute majority in the 465-member lower house, the more powerful of Japan's two-chamber parliament. That marks a record since the party's foundation in 1955 and surpasses the previous record of 300 seats won in 1986 by late Prime Minister Yasuhiro Nakasone. Takaichi's first major task when the lower house reconvenes in mi....
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....d-February is to work on a budget bill, delayed by the election, to fund economic measures to address rising costs and sluggish wages. “Japan just delivered the kind of election result markets instinctively embrace because it removes the one thing traders price at a premium: political ambiguity,” Stephen Innes of SPI Asset Management said in a commentary. “Politically, the win hands Prim....
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....e Minister Takaichi freedom of movement and removes the need to bargain every decision down to the lowest common denominator,” he said. By mid-afternoon, the Nikkei 225 was up 4.6 per cent at 56,729.51, having topped 57,000 for the first time to set a new record. The dollar weakened slightly against the Japanese yen, trading at 156.62 yen, down from 157.10 yen late Friday. In Seoul, the Ko....
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....spi gained 4.2 per cent, to 5,301.36, buoyed by strong buying of tech shares. Hong Kong's Hang Seng index climbed 1.7 per cent to 27,007.81, and the Shanghai Composite index rose 1.3 per cent to 4,117.57. Taiwan's Taiex gained 2 per cent. In Australia, the S&P/ASX 200 surged 1.9 per cent to 8,870.10. US futures edged higher early Monday, with the contracts for the S&P 500 and the Dow industr....
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....ials up 0.1 per cent. On Friday, computer chip companies helped drive the widespread rally, and Nvidia jumped 7.8 per cent to trim its loss for the week, which came into the day at just over 10 per cent. Broadcom climbed 7.1 per cent and erased its drop for the week. But even with Friday's surge, the S&P 500 still fell to its third losing week in the last four. Apart from worries about spendin....
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....g by Big Tech companies, which are Wall Street's most influential stocks, concerns about AI potentially stealing customers from software companies also hurt the market. Software stocks got hit particularly hard after AI firm Anthropic released free tools to automate things like legal services. Bitcoin, meanwhile, was up 2.2 per cent following a weeklong plunge that had sent it more than halfway ....
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....below its record price set in October. It has climbed back above USD 70,000 after briefly dropping close to USD 60,000 late Thursday. Prices in the metals market also calmed a bit following their own wild swings. Gold rose 1.8 per cent to settle at USD 4,979.80 per ounce, while silver added 0.2 per cent. In early Monday trading, gold gained 1.5 per cent while silver was up 6.2 per cent. US b....
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....enchmark crude oil shed 68 cents to USD 62.87 per barrel. Brent crude, the international standard, gave up 71 cents to USD 67.34 per barrel. The euro rose to USD 1.1851 from USD 1.1814. (AP) SKS SKS<BR> News - Press release - PIB....