Japan’s Nikkei surpasses 56,000 for first time after PM Takaichi’s victory

TOKYO: Japan’s Nikkei share average surged to a record high on Monday, surpassing the 56,000 level for the first time in early trading after Prime Minister Sanae Takaichi’s landslide victory in Sunday’s general election.

The Nikkei 225 Index rose 3.4% to 56,083.14, while the broader Topix climbed 2.5% to 3,792.05.

The largest percentage gainers in the index were Aozora Bank , up 2.7%, followed by Tokyo Gas gaining 2.7% and JFE Holdings, which was up 2.5%.