Tokyo's benchmark Nikkei 225 jumps after a landslide victory for PM Takaichi's ruling party
Asian shares have advanced and Tokyo's Nikkei 225 share index jumped as much as 5% after Japanese Prime Minister Sanae Takaichi’s governing party secured a two-thirds supermajority in a parliamentary election. The landslide victory gives Takaichi a stronger mandate to pursue market-friendly policies. U.S. futures edged higher after the U.S. stock market roared back on Friday as technology stocks recovered much of their losses from earlier in the week and bitcoin halted its plunge. The S&P 500 rallied 2% for its best day since May. The Dow Jones Industrial Average soared 1,206 points, or 2.5%, and topped the 50,000 level for the first time, while the Nasdaq composite leaped 2.2%.