Asian Stocks: Japanese stocks rose by 1,562 points or 2.8% in the half-day session, reaching a new high. SoftBank surged by 11%

Japanese stocks continued to rise significantly, influenced by the overwhelming control of the House of Representatives by the Liberal Democratic Party of Japan, with foreign capital driving the market higher through unilateral buying, and the rise of U.S. tech stocks also provided momentum. The Nikkei average opened up 448 points and then expanded its gains, rising 1,562 points or 2.8% to 57,926 points, reaching a new high of 57,960 points during the session.

In the artificial intelligence and semiconductor sectors, SoftBank (9984.JP) rose 11.2%, Discus (6146.JP) rose 6.1%, Advantest (6857.JP) and Tokyo Electron (8035.JP) rose 2.6% and 2%, respectively, while Raytech (6920.JP) and Kioxia (285A.JP) fell 1.7% and 0.9%. In the wire sector, Furukawa Electric (5801.JP) rose 22.2%, while Sumitomo Electric (5802.JP) and Fujikura (5803.JP) rose 4.7% and 5.2%. In the military industry, heavy industry stocks such as Mitsubishi Heavy Industries (7011.JP) rose 2.6%, while Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) rose 5.6% and 8.5%.

Additionally, Fast Retailing (9983.JP) and Nintendo (7974.JP) rose 2.2% and 3.2%, while Ryohin Keikaku (7453.JP) and Rakuten Group (4755.JP) rose 5.1% and 4.5%. Trading companies Itochu (8001.JP), Sumitomo Corporation (8053.JP), and Mitsubishi Corporation (8058.JP) rose between 2.7% and 3.3%, while banking stocks Mitsubishi UFJ Financial (8306.JP) rose 2.9%, and metal stocks Sumitomo Metal Mining (5713.JP) rose 7.3%.

In other stocks, real estate stock Mitsubishi Estate (8802.JP) raised its full-year earnings forecast, with its stock price rising 6.5%. NEC (6701.JP) announced a buyback of 30 billion yen in shares, with its stock price rising 8.9%.

The exchange rate of the dollar against the yen is 155.4