Overview

• The Nikkei 225 jumped at the open on Oct. 6, setting a new intraday high above 47,000 on the first trading day after a holiday.
• The index opened at 46,636.07, up 866.57 points from Friday’s close, before extending gains to more than 1,900 points.
• At 9:15 a.m. in Tokyo it was at 47,683.88, up 1,914.38, while the TOPIX advanced 92.50 to 3,221.67.
• Investors welcomed the election of Sanae Takaichi as LDP leader on a platform of aggressive fiscal expansion, generating a celebratory buying mood.
• The yen weakened to the upper ¥149 per dollar range, supporting export-focused shares that led early gains.