Reported 3 days ago
Japan's Nikkei stock index soared nearly 5% after the ruling Liberal Democratic Party elected Sanae Takaichi, an ultra-conservative ally of former Prime Minister Shinzo Abe, as its leader. Her likely appointment as the country's first female prime minister is anticipated to continue Abe's market-friendly policies, which has pleased investors, especially foreigners. Despite challenges related to Japan's aging population and economic competitiveness, defense and automaker shares saw significant gains, contributing to the overall market uplift.
Source: YAHOO