Global Markets Surge Following Japanese PM's Election Victory; Nikkei Hits Record High
Summary
Global stock markets surged following Japanese Prime Minister Sane Taikachi's ruling party winning a two-thirds majority, lifting Tokyo's Nikkei 225 to a historic high. Major indices in Europe, the US, and Asia also rose, while oil prices dropped.
Key Points
- Japanese Prime Minister Sane Taikachi's party won a two-thirds majority in the parliamentary election.
- Tokyo's Nikkei 225 index hit a record intraday high and closed up nearly 4 percent.
- Global stock markets, including in Europe, the US, and Asia, rallied following the election results.
- Chip manufacturing companies like Nvidia and Broadcom contributed significantly to Wall Street's gains.
