Japanese stocks hit record highs.

VTV.vn - In the Asia-Pacific market, the highlight on the morning of October 6th was the Japanese stock market setting a new record.

(Illustrative image: Nikkei)

The Tokyo stock market rose more than 4% to a record high in morning trading on October 6, while the yen fell after Sanae Takaichi became president of the Liberal Democratic Party (LDP) and is likely to become Japan's first female prime minister .

In Tokyo, the Nikkei 225 index rose 4.5% to 47,835.36 points. Markets in Singapore and Manila also gained. Meanwhile, the Hang Seng index in Hong Kong fell 0.5% to 26,995.12 points. Stock markets in Sydney and Seoul both declined. Shanghai was closed for a holiday.

Investors anticipate that the new leader of Japan's ruling party will implement loose monetary policy to revive the economy . Sanae Takaichi's victory has triggered a new wave of optimism on Japanese stock exchanges. She had previously advocated for aggressive monetary easing and increased government spending.

However, the gains in Tokyo did not spread to other Asian markets, where stocks fluctuated after last week's sharp increases, as investors continued to monitor lawmakers' efforts to end the US government shutdown.

Following her victory on October 4th, Ms. Takaichi pledged to implement measures to control inflation and boost the Japanese economy, rural areas, and key industries such as agriculture and fisheries.

Taro Kimura, an expert at Bloomberg Economics, believes that Ms. Takaichi tends to push for a stronger economy than others. Kimura added that with rising inflation and high long-term bond yields, Ms. Takaichi will have to balance her policy stance with reality to avoid increasing pressure on the cost of living and causing significant volatility in interest rates.

According to Masamichi Adachi, chief economist for Japan at UBS Securities, the market is likely to see an immediate return of the so-called "Takaichi trading." He predicts this phenomenon will lead to rising stock prices (excluding bank stocks), a weaker yen, and higher long-term bond yields.

Yields on Japan's 30-year Treasury bonds also rose sharply, reflecting concerns that Japan's already massive public debt will continue to increase under Takaichi's leadership.

Source: https://vtv.vn/chung-khoan-nhat-ban-cao-ky-luc-1002510061353351.htm