Japan stocks hit record after ruling party names pro-business leader

Morning Bid: Political jolts from Tokyo and Paris

By Mike Dolan What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As U.S. markets mull the lengthening government shutdown, the week started with political drama in Japan and France – with the yen and euro falling sharply against the dollar and both gold and the euro/yen exchange rate vaulting to all-time highs. Sanae Takaichi’s shock weekend win to lead Japan’s ruling Liberal Democratic Party and be…

Japan's Nikkei stock index jumps nearly 5% at a new record after ruling party picks Takaichi to lead

Japan’s Nikkei stock index has jumped nearly 5% after its ruling party chose an ultra-conservative as its leader and likely first woman prime minister. Shares fell in early trading in France after its new prime minister resigned just a day…

Japan’s Stocks Zoom, Yen Slumps as Takaichi Win Dims BOJ Hike Bets

TOKYO, Oct 6 (Reuters) - Japanese shares surged to a record high on Monday, while the yen and long-term bonds tumbled as Sanae Takaichi was all but confirmed to become the country's next premier, stoking bets on a revival in big spending and loose monetary policy.

Tokyo soars, yen sinks after Takaichi win on mixed day for Asia

Tokyo stocks surged almost five percent to a record high Monday and the yen sank on bets that the new leader of Japan's ruling party will embark on a new era of loose monetary policy to kickstart the country's economy.

Global Markets Surge as Japan Elects Takaichi, Bitcoin and Gold Hit Records

Markets reacted sharply on Monday after Sanae Takaichi, a fiscal and monetary dove, was elected as the new leader of Japan’s ruling Liberal Democratic Party (LDP), putting her on track to become the country’s first female prime minister. Her victory drove Japan’s Nikkei index up by more than 4% to an all-time high, while the […] The post Global Markets Surge as Japan Elects Takaichi, Bitcoin and Gold Hit Records appeared first on Modern Diplomac…

Stocks Rise With Bond Yields on Japan, Gold Jumps: Markets Wrap

(Bloomberg) -- Japan’s election of a pro-stimulus leader shook up global markets, sending stocks surging on prospects for more spending, while currencies and bonds weakened, driving investors toward alternative assets such as gold and Bitcoin.