Japanese Stocks Gain Amid Snap Election Speculation

MT Newswires Live01-13

Japanese equities advanced as trading resumed in Tokyo following an extended market holiday, with the Nikkei 225 opening 868 points or 1.7% higher at 52,808.29.

This rally coincides with mounting speculation that Prime Minister Sanae Takaichi may call a snap election in the near term.

Reports from domestic media during the weekend have intensified expectations that Takaichi could move to dissolve parliament as early as next month.

Elsewhere, the U.S. equity market rallied despite potential constraints by U.S. President Donald Trump's administration on the Federal Reserve's independence.

This follows a Sunday statement from Fed Chair Jerome Powell, who confirmed the central bank had received grand jury subpoenas from the Justice Department-a development that raises the possibility of criminal proceedings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment