Owngarden | Moment | Getty Images<\/p>\n
Japan’s benchmark Nikkei 225<\/a> jumped 0.9% to a record high, notching a second straight day of gains after the country’s Prime Minister Shigeru Ishiba announced his resignation Sunday. The Topix rose 0.52%.<\/p>\n The technology sector led gains on the index, data from LSEG showed. Shares of Advantest<\/a> led gains in the region, popping 7.62%. Tokyo Electron<\/a> rose 3.64%, while Renesas Electronics<\/a> was 2.59% higher.<\/p>\n “Investors are betting that the next leader from the ruling Liberal Democratic Party (LDP) could unleash a new wave of fiscal stimulus to bolster the economy,” XTB Investing’s senior market analyst Hani Abuagla wrote in a note.<\/p>\n While near-term volatility is expected to pick up amid political uncertainties, the upcoming change ultimately provides for a “greater longer-term policy and political stability, and a more conducive pro-growth environment for the equities market,” Julius Baer’s equity research analyst in Asia, Louis Chua, said. The bank expects more upside for the Nikkei 225, forecasting that it will hit 46,000 in 12 months.<\/p>\n The Japanese yen strengthened 0.1% to 147.38 against the greenback.<\/p>\n Broader Asia-Pacific markets traded mostly higher Tuesday, tracking Wall Street gains boosted by tech stocks.<\/p>\n South Korea’s Kospi added 0.35%, while the small-cap Kosdaq rose 0.19%.<\/p>\n Australia’s benchmark S&P\/ASX 200 slid 0.29%.<\/p>\n Futures for Hong Kong’s Hang Seng index<\/a> stood at 25,643, marginally higher than its last close of 25,633.91.<\/p>\n Overnight stateside, the three major averages closed higher. The\u00a0Nasdaq Composite<\/a>\u00a0closed at a record high as investors geared up for a data-heavy week that includes two closely watched readings on inflation.<\/p>\n The tech-heavy Nasdaq finished up 0.45% at 21,798.70, a record high after hitting a new all-time intraday high in the session. The\u00a0S&P 500<\/a>, meanwhile, settled up 0.21% at 6,495.15, while the\u00a0Dow Jones Industrial Average<\/a>\u00a0rose 114.09 points, or 0.25%, to close at 45,514.95.<\/p>\n The move higher was led by a rise in shares of chipmaker\u00a0Broadcom<\/a>, which gained 3%, and artificial intelligence darling\u00a0Nvidia<\/a>, whose almost 1% advance reversed some of its steep losses from the past month.\u00a0Amazon<\/a>\u00a0and\u00a0Microsoft<\/a>\u00a0were also higher.<\/p>\n \u2014 CNBC’s Brian Evans and Sean Conlon contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Owngarden | Moment | Getty Images Japan’s benchmark Nikkei 225 jumped 0.9% to a record high, notching a…\n","protected":false},"author":2,"featured_media":129054,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[31858,9073,64,63,1053,99,174,5127,941,171,9070,7555,89926,5715,89925,62043],"class_list":["post-129053","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-advantest-corp","tag-asia-economy","tag-au","tag-australia","tag-breaking-news-markets","tag-business","tag-business-news","tag-chicago","tag-japan","tag-markets","tag-nikkei-225-index","tag-osaka","tag-renesas-electronics-corp","tag-shigeru-ishiba","tag-tokuyama-corp","tag-tokyo-electron-ltd"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/129053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=129053"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/129053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/129054"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=129053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=129053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=129053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}