Asian Markets Surge: Japan Leads Post-Election Rally, US Stocks Near Records

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News18•10-02-2026, 11:45
Asian Markets Surge: Japan Leads Post-Election Rally, US Stocks Near Records
- •Asian shares mostly rose, with Japan's Nikkei 225 jumping 2.6% to new highs after Sanae Takaichi's historic election win.
- •Hopes are high for Takaichi to implement reforms boosting Japan's economy and stock market.
- •Australia's S&P/ASX 200, South Korea's Kospi, Hong Kong's Hang Seng, and Shanghai Composite also saw gains.
- •US stock market closed last week strong, with S&P 500 nearing its all-time high, driven by AI investment optimism.
- •Concerns remain over stock valuations, AI profitability, and upcoming US job market and inflation reports influencing Federal Reserve interest rate decisions.
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