The Nikkei 225 index closed up 4.75% at 47,944.76 points. Earlier in the session, the index had reached a high of 48,150.04 points, surpassing the 48,000 mark for the first time in history, after Takaichi defeated her more moderate rival Shinjiro Koizumi in the Liberal Democratic Party (LDP) leadership election last weekend, raising expectations of fiscal stimulus.
Ms. Takaichi is seen as the candidate with the most easing fiscal and monetary agenda among the five candidates vying for the LDP leadership, replacing Prime Minister Shigeru Ishiba, who favors policy tightening.
The Nikkei 225 was on track to reach 48,000 by year-end, but Takaichi's election as LDP leader has pushed it closer to that level, said Hitoshi Asaoka, chief strategist at asset management firm Asset Management One. The market is cheering Takaichi's spending policies, but whether she can achieve that goal remains uncertain, as the LDP remains a minority party, Asaoka said. He expects the Nikkei 225 to correct lower before the end of the year.
Meanwhile, the Hang Seng index in Hong Kong (China) fell 0.7% to 26,955.58 points, ahead of the holiday starting on October 7. Australia's main index also fell slightly in a relatively thin trading session as some states such as New South Wales and Queensland were on holiday.
Most other major stock markets in the region were closed for a holiday this session, including mainland China, South Korea and Taiwan.
In Vietnam, at the end of this session, the VN-Index increased by 49.68 points, or 3.02%, to 1,695.50 points, while the HNX-Index added 8.94 points, or 3.36%, to 274.69 points.
Source: https://baotintuc.vn/thi-truong-tien-te/song-chinh-tri-day-chung-khoan-nhat-ban-len-muc-cao-ky-luc-20251006160559996.htm
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