Japan’s Osaka-Based Shares Rise on Speculation of New LDP Ties

A meeting between Japan’s ruling party leader Sanae Takaichi and the heads of an Osaka-based opposition party boosted shares of companies tied to the nation’s western Kansai region where the city is located, on speculation it’ll benefit under such a coalition.

Rail companies serving the region, Hankyu Hanshin Holdings Inc. and Kintetsu Group Holdings Co., each climbed more than 3% on Thursday, while the Osaka-based real estate company Keihanshin Building Co. jumped 7.3%.