Wall Street rally, Japan election drive Asian shares higher
ABC News
Stocks have advanced in Asia, with Tokyo's benchmark up 2.2% after the ruling Liberal Democrats won a stronger than expected majority in an election Sunday
Stocks advanced in Asia on Monday, with Tokyo’s benchmark up 2.2% after the ruling Liberal Democrats won a stronger than expected majority in an election Sunday.
Shares rose in all regional markets except Hong Kong.
The regional gains followed further milestones on Wall Street, where the three major indexes set records. The S&P 500 rose 0.2%; the Dow Jones Industrial Average gained 0.3% and the Nasdaq closed 0.3% higher.
Japanese Prime Minister Fumio Kishida’s coalition kept a comfortable majority in Sunday’s parliamentary election despite losing some seats as his weeks-old government grapples with a coronavirus-battered economy and regional security challenges.
