Bird’s-eye view of central Tokyo including Tokyo Tower at sunrise hours.
Vladimir Zakharov | Moment | Getty Images
Asia-Pacific markets were set for a higher open Monday with Japanese equities expected to lead gains in the region after Japanese Prime Minister Sanae Takaichi won a landmark election victory.
The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower house, public broadcaster NHK reported.
“The administration has gained stronger momentum to pursue a major shift toward proactive fiscal policy, backed by a clear public mandate,” Crédit Agricole CIB wrote in a note following her victory.
Japan’s Nikkei 225 futures pointed to a stronger open. The Chicago contract stood at 57,765 while its Osaka counterpart was at 57,750, compared with the previous close of 54,253.68
Australia’s S&P/ASX 200 jumped 1.65% in early trading.
Hong Kong’s Hang Seng Index futures were at 27,053 compared with the index’s last close of 26,559.95.
U.S. futures inched higher in early Asia hours.
Last Friday in the U.S., stocks surged as tech names recovered following several days of heavy selling in the sector and bitcoin rebounded following a rout that took the popular cryptocurrency down more than 50% from its high in October last year.
The Dow Jones Industrial Average advanced 1,206.95 points, or 2.47%, closing at 50,115.67. Friday marked the first time the Dow exceeded the 50,000 level. The S&P 500 jumped 1.97% and ended at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21. With those moves, the S&P 500 climbed back into the green for 2026.
Even with Friday’s pop, the S&P 500 posted a 0.1% decline for the week, while the Nasdaq fell 1.8% on the week. The 30-stock Dow rose 2.5% week to date, benefiting from some rotation into some economically cyclical stocks even as the overall market was weighed down by tech selling.
—CNBC’s Sean Conlon and Alex Harring contributed to this report.