Japan Stocks Rally on Historic Appointment of First Female PM Sanae Takaichi
Japan's Nikkei 225 surged 1.5% to a record high as markets cheered the decisive victory of Sanae Takaichi, the nation's first female prime minister. Her coalition-backed win with 237 parliamentary seats eliminated the need for a runoff election.
The Liberal Democratic Party's alliance with the Japan Innovation Party has paved the way for policy shifts including education reforms and a temporary suspension of food taxes. Asian markets mirrored the optimism, with Hong Kong's Hang Seng gaining 1.17% and mainland China's CSI 300 extending its rally.
Regional sentiment was further buoyed by Wall Street's tech-led gains and progress in US-South Korea trade talks. The political certainty in Japan has injected fresh momentum into Asia-Pacific equities, though cryptocurrency markets remained sidelined from this traditional finance rally.
