Tokyo, RakyatNTT.ID – Asian markets opened the week on a strong note as most major indexes traded higher on Monday.

Investors closely monitored Japan’s political landscape following the election of Sanae Takaichi, the newly appointed leader of Japan’s ruling Liberal Democratic Party (LDP), which is expected to shape the country’s future economic direction.

Japan’s Nikkei and Topix Hit Record Highs

Japan’s Nikkei 225 surged over 4%, reaching a new record high to kick off the week.

Similarly, the Topix index rose more than 3%, also setting a new all-time peak, signaling strong investor confidence in the nation’s market prospects.

Meanwhile, Australia’s S&P/ASX 200 gained 0.19%, and Hong Kong’s Hang Seng index opened slightly higher, with futures trading at 27,153, up from the previous close at 27,140.92.

Markets in China and South Korea remained closed for public holidays.

Political Shift Boosts Investor Sentiment

According to CNBC International, Japanese stocks soared after the LDP selected Sanae Takaichi, a conservative politician, as its new leader.
Takaichi’s appointment marks a historic milestone as she becomes Japan’s first female prime minister.

Analysts at Credit Agricole CIB (CA-CIB) noted that under Takaichi’s leadership, Japan is likely to maintain its high-pressure economic stance, with the Bank of Japan (BOJ) expected to continue its accommodative monetary policy for the time being.