Japan’s Nikkei Notches New High on LDP-Ishin Coalition Hopes
An electronic stock board inside the Osaka Securities Exchange, operated by Japan Exchange Group Inc. (JPX), in Osaka, Japan.
Photographer: Akio Kon/BloombergJapan’s Nikkei 225 closed at a fresh peak as the ruling Liberal Democratic Party looked set to finalize a new coalition deal, fueling hopes that pro-stimulus Sanae Takaichi will become the nation’s next prime minister.
The blue-chip Nikkei 225 climbed 3.4%, the most since Oct. 6, to end at an all-time high of 49,185.50 in Tokyo. The broader Topix Index also gained 2.5% to close at 3,248.45, a whisker away from its record set earlier this month. Tech and banks contributed most to the Topix’s gains.