Reported 8 days ago
Japan's Nikkei 225 index plunged nearly 5% following the ruling Liberal Democratic Party's decision to elect Shigeru Ishiba as the new prime minister, replacing Fumio Kishida. The stock market's decline reflects concerns over Ishiba's support for higher interest rates and corporate tax policies, which are perceived as unfavorable for the markets. In contrast, Asian markets saw gains, with China's Shanghai Composite index rising over 5% on news of new economic stimulus measures.
Source: YAHOO