Japan’s Nikkei 225 continued its post-election rally and reached new highs on Tuesday, amid gains in the broader Asian markets.
The index climbed 1,286.60 points, or 2.3%, to 57,650.54.
The Japanese market continues to ride the “Takaichi trade” in the wake of Prime Minister Sanae Takaichi’s landslide victory in the Lower House.
Shares of Softbank Group Corp spiked as much as 11.95% on Tuesday after its subsidiary company upgraded its full-year forecasts for its financial year ending March 31, closing at a 10.68% gain. This follows a 6.3% gain on Monday.
In Hong Kong, the Hang Seng index hiked 155.99 points, or 0.6%, to 27,183.15.
In other markets
The CSI 300 in Shanghai inched ahead 5.24 points, or 0.1%, to 4,724.30.
In Korea, the Kospi edged higher 3.65 points, or 0.4%, to 5,301.69.
In Taiwan, the Taiex popped 668.35 points, or 2.1%, to 33,072.97.
In Singapore, the Straits Times Index gained 3.42 points, or 0.1%. to 4,964.25.
In Australia, the ASX shed 2.44 points to 8,967.36.
In New Zealand, the NZX 50 took on 67.31 points, or 0.5%, to 13,513,68.
