The Nikkei average in the Tokyo stock market experienced a surge, momentarily exceeding 1400 yen and surpassing its previous highest value, attributed to rising US stock prices and expectations surrounding the Takai administration's economic policies.
On the 10th of the month, the Tokyo stock market saw the Nikkei average continue its upward trend, starting the day with a more than 1400 yen increase, reaching over 57,700 yen. This rise surpassed the previous day's intraday all-time high of 57,337.07 yen. The rally is largely driven by investor optimism tied to the Liberal Democratic Party's overwhelming victory in the House of Representatives election and the perceived positive economic measures proposed by the Takai administration.
The Nikkei average began trading at 56,812.01 yen, up 448.07 yen from the previous close, and continued to gain momentum. The upward movement was influenced by a positive trend in the New York stock market from the day before, where all three major indices showed gains. Stocks that significantly impact the Nikkei, such as SoftBank Group and Advantest, particularly in the AI and semiconductor sectors, contributed to the overall rise, being categorized as 'high-value stocks'.
On the previous day, the Nikkei had already surged by 2110 yen, reflecting the enthusiasm generated by the Takai administration's anticipated economic policies, marking one of the largest gains in history. This upward trend continued into the 10th, with analysts expecting sustained interest in companies aligning with the government's economic vision. Investors remain hopeful about the future trajectory of the market based on these developments.
