Tokyo benchmark Nikkei 225 jumps after PM Takaichi’s ruling party wins a super majority in election

BANGKOK (AP) — Tokyo’s Nikkei 225 share index jumped as much as 5% to a record on Monday after Japanese Prime Minister Sanae Takaichi’s governing party secured a two-thirds supermajority in a parliamentary election.

Takaichi is expected to pursue market-friendly policies, having declared she will work to make Japan strong and prosperous by reviving its sluggish economy.

Markets across Asia also advanced, with South Korea’s Kospi surging 4% and other benchmarks gaining more than 1%.