Japan’s Nikkei jumps to new peak in extended rally after Sanae Takaichi’s party secures election victory; London-listed oil giant BP suspends share buyback
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Global stocks hit a new record in Asian trade, led by a three-day rally in Tokyo where the Nikkei jumped to a fresh peak, after Japan’s conservative governing coalition strengthened its grip on power.
Sanae Takaichi’s Liberal Democratic party (LDP) secured a comprehensive victory in Sunday’s election. The Nikkei jumped 2.3% to a new all-time high, and the yen rose for a second day.
The gains pushed the MSCI All-Country World Index 0.2% higher to a new record.
