Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

Finance

Japan Stocks Surge with Prime Minister Abe’s Election Victory

Prime Minister Shinzo Abe won a major election for the upper house for parliament this past week. Japan’s share market is rallying after the election victory of Minister Abe and is stirring hopes of economic stimulus with Minister Abe’s administration. Minister Abe’s success shows a strong confidence in his economic policies, dubbed Abenomics. In addition, Minister Abe also plans to further change diplomatic policies.

Despite Minister Abe’s victory, there are concerns that the country’s pacifist constitution might be amended. Many people have been critical about Minister Abe’s desire to change the constitution. Minister Abe plans to lift military restrictions to match China’s expanding military and face North Korea’s increasing belligerence.

One of Tokyo’s stock exchange index, Nikkei 225, saw a leap of four percent (15,708.82 points) in Monday morning trade. Topix, another Tokyo stock exchange index, saw an increase of 3.8% to 1,255.79 points.

Minister Abe states that the election result was based off confidence in his economic policies. Minister Abe modestly admits that his economic policies, that tackle inflation, are only half done. Officials agree that:

“He [Minister Shenzo Abe] will need to quickly show progress on needed domestic regulatory reforms, or the Japanese people — and the financial markets — could quickly lose patience.”

U.S. Shares Rise with Several Countries

Investors saw a positive sign from U.S job data on Friday July 8. In addition, U.S shares had increased from last week.

Other countries also saw a surge in shares. China’s Shanghai Composite shares edged 0.23% to 2,994.92 points. Hong Kong‘s Hang Seng saw a boost of 1.5% ending at 20,880.5 points.

Australia’s ASX/200 shares escalated two percent to 5,337.10 points. Markets in Australia were reacting to Malcolm Turnbell, Australia’s Prime Minister, claiming victory for his Conservative Coalition in last week’s general election.

South Korea’s Kospi also benefited from the regional increase in shares with a trading increase of 1.2% (1,987.31 points).


Comment Template

You May Also Like

Politics

Thousands protested in Belgrade to demand the annulment of elections. An anti-government demonstration took place on Sunday in the central business district of Belgrade....

Electoral

The Constitutional Court of Indonesia dismissed a complaint on Monday that sought to lower the age requirement for presidential and vice presidential candidates to...

Politics

Poland’s election turned Germany into a punchbag, straining the Western alliance. Poland’s populist government, vying for an unheard-of third term in office, has turned...

Business

European exchange equities may profit from the Credit Suisse (CSGN.S) collapse as investors seek conservative market operators with low valuations. As investors pursued banks...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok