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Nikkei Nears 50,000 as Takaichi Is Chosen Prime Minister

Expectation of pro‑growth policy under an LDPJapan Innovation Party coalition drove broad buying across Tokyo shares.

Overview

  • The Nikkei 225 finished at 49,316.06, up 130.56, after jumping more than 700 yen intraday into the 49,900s to notch a second straight record during trading.
  • TOPIX hit an intraday record of 3,273.55 and closed at 3,249.50, up 1.05 points, underscoring broad market participation.
  • Buying was propelled by optimism over economic measures under Prime Minister Sanae Takaichi, who was selected in the afternoon.
  • Afternoon profit‑taking introduced volatility, and the benchmark briefly dipped into negative territory before recovering into the close.
  • Momentum followed the LDPJapan Innovation Party coalition agreement reached the previous day, and trading volume totaled about 2.24 billion shares.