The Nikkei 225 Index Closes 4.44% Higher

The Nikkei 225 Index rose 2406 points or 4.44 percent on Monday to close at 56660 points. Leading the gains are Furukawa Electric (18.72%), Kawasaki (16.93%) and Advantest (12.54%).

The Nikkei 225 Index rallied 3.89% to close at 56,364 while the broader Topix Index gained 2.29% to 3,784 on Monday, hitting fresh record highs after the ruling Liberal Democratic Party, led by Prime Minister Sanae Takaichi, secured a two-thirds supermajority in the lower house in a historic victory. Takaichi’s coalition won 352 of the 465 seats in Japan’s House of Representatives, according to figures collated by public broadcaster NHK, with the LDP alone securing a majority of 316. The outcome reinforced expectations for looser fiscal policy and possible tax cuts, while Takaichi promised that her stimulus plans will not strain the country's finances further. Japanese equities also benefited from Wall Street gains on Friday, as technology stocks rebounded after several days of heavy selling. Strong performers included heavyweights firms such as Advantest (11.5%), Kawasaki Kisen (15.7%), SoftBank Group (6.3%), Fast Retailing (6.9%) and Hitachi (8.4%).

The Nikkei 225 Index gained 289 points or 0.54 percent on Friday to close at 54107 points. Gains were led by Ajinomoto (12.92%), Mitsubishi Motors (9.42%) and Omron (7.57%). Biggest losers were Kikkoman Corporation (-7.10%), Nikon Corporation (-6.17%) and Konica Minolta (-5.90%).