Japan’s Nikkei 225 sustained its post-election rally, achieving new highs on Tuesday, supported by advancements in the wider Asian markets. The Japanese market persists in capitalizing on the “Takaichi trade” following Prime Minister Sanae Takaichi’s decisive triumph in the Lower House. The Nikkei 225 experienced an increase of 2.28%, reaching a new closing high of 57,650.54, whereas the Topix advanced by 1.9%, concluding at a record level of 3,855.28.

Shares of Softbank Group Corp experienced a notable increase of 11.95% on Tuesday, following an upgrade in full-year forecasts by its subsidiary for the financial year ending March 31, ultimately closing with a gain of 10.68%. This comes after a 6.3% increase on Monday. South Korea’s Kospi experienced a slight increase, reaching 5,301.69, whereas the small-cap Kosdaq declined, decreasing by 1.1% to 1,115.2.

The Hang Seng index in Hong Kong experienced an increase of 0.58%, concluding at 27,183.15, while the CSI 300 of mainland China rose by 0.11%, reaching 4,724.3. Australia’s S&P/ASX 200 concluded the trading session unchanged at 8,867.4. In the U.S. overnight, technology stocks propelled the S&P 500 to consecutive gains, resulting in a 0.47% increase in the broad-based index. The Dow Jones Industrial Average experienced a slight increase, reaching a record high of 50,135.87, while the Nasdaq Composite rose by 0.9%.