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<Asia>JP Bourse Leaps 1,286 Pts or 2.3% at Close, Approaching 58,000 to Hit New High; SoftBank Up 10%
Japanese bourse sustained the upsurge, influenced by the overwhelming control of the House of Representatives by Liberal Democratic Party. Buying orders of foreign capital pushed t...
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<Asia>JP Bourse Leaps 1,286 Pts or 2.3% at Close, Approaching 58,000 to Hit New High; SoftBank Up 10%
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Japanese bourse sustained the upsurge, influenced by the overwhelming control of the House of Representatives by Liberal Democratic Party. Buying orders of foreign capital pushed the market higher, paired with the rise in US tech stocks. The Nikkei opened 448 points higher; with expanded gains, it once skyrocketed 1,596 points to a new high of 57,960, closing the day up 1,286 points or 2.3% at 57,650.

SoftBank (9984.JP) shot up 10.7% as its telecom business raised its earnings outlook. Among other AI and semiconductor stocks, Disco (6146.JP) soared 4.3%. Advantest (6857.JP) and Tokyo Electron (8035.JP) added 1.2% and 2.2%, while Lasertec (6920.JP) and Kioxia (285A.JP) dipped 1.2% and 0.3%.

In the electric wire sector, Furukawa Electric (5801.JP) mushroomed 22.9%. Sumitomo Electric (5802.JP) and Fujikura (5803.JP) leaped 4.3% and 5%. In the defense sector, Mitsubishi Heavy Industries (7011.JP) swelled 2.8%. Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) mounted 7.6% and 4.9%.

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