A poster of Prime Minister Sanae Takaichi displayed at the Liberal Democratic Party’s headquarters in Tokyo, Japan, on Sunday, Feb. 8, 2026. Photographer: Toru Hanai/Bloomberg via Getty Images
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Japan’s Nikkei 225 continued its post-election rally and reached new highs on Tuesday, amid gains in the broader Asian markets.
The Japanese market continues to ride the “Takaichi trade” in the wake of Prime Minister Sanae Takaichi’s landslide victory in the Lower House.
The Nikkei 225 rose 2.77%, within striking distance of the 58,000 mark, while the Topix was up 2.07%, also pushing record highs.
Shares of Softbank Group Corp spiked as much as 11.95% on Tuesday after its subsidiary company upgraded its full-year forecasts for its financial year ending March 31. This follows a 6.3% gain on Monday.
South Korea’s Kospi rose 0.24%, paring some gains, while the small-cap Kosdaq fell into negative territory and was 1.16% lower.
Hong Kong’s Hang Seng index was up 0.63%, and mainland China’s CSI 300 was unchanged.
Australia’s S&P/ASX 200 rose 0.16%, extending gains to a third day.
Overnight in the U.S., tech stocks powered the S&P 500 to back-to-back gains, with the broad-based index rising 0.47%.
The Dow Jones Industrial Average was marginally up to a record high of 50,135.87, and the Nasdaq Composite jumped 0.9%.
—CNBC’s Sean Conlon contributed to this report.
