Markets were closed before the announcement of the results of the run-off in the leadership race for the country’s ruling Free Democratic Party.
And he finished Nikkei indicator Transactions rose 2.32 percent at 39,829.56 points, recording the highest closing level since July 19, before the announcement of the final results, which showed former Defense Minister Shigeru Ishiba prevailing over Economic Security Minister Sanae Takaichi in the run-off.
And closed Topix indicator The broader index was up 0.73 percent at 2,740.94 points.
Analysts said the market was reacting to Takaichi’s lead in the first round of elections. She is a supporter of the economic stimulus policies adopted by the late former Prime Minister Shinzo Abe and an outspoken opponent of further interest rate hikes in Japan.
Analysts believe that Ishiba’s victory will lead the market to decline in the near term.
And rose Yenrecovering from losses recorded earlier in the session, after news of Ishiba’s victory.
And I drove Japanese stocks Chip-related rise, supported by the gains achieved by its American counterparts last night, as Tokyo Electron shares rose 6.66 percent to provide the largest boost to the Nikkei index.
Lasertech shares jumped 8.19 percent, being the largest percentage gainer, while Advantest shares rose 4.48 percent.
Other major stocks achieved strong gains, as Fast Retailing, the heavyweight on the Nikkei index, added 2.53 percent, SoftBank Group shares rose 2.26 percent, and Daikin Industries shares ended today’s trading up 6.28 percent.
