Japanese markets surged Monday, supported by a weakened yen amid political shifts. The Topix index gained as the ruling Liberal Democratic Party lost its parliamentary majority, sparking concerns over potential policy shifts. The yen fell, intensifying speculation around the Bank of Japan’s stance on future rate hikes. Analysts suggest that while political instability may temporarily delay hikes, persistent yen weakness keeps rate hikes on the table, possibly by December or January. The Nasdaq reached a new high in U.S. markets, while the S&P 500 and Dow dipped slightly.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Japanese markets surged Monday, supported by a weakened yen amid political shifts.
00:07The Topix index gained as the ruling Liberal Democratic Party lost its parliamentary
00:11majority, sparking concerns over potential policy shifts. The yen fell, intensifying
00:16speculation around the Bank of Japan's stance on future rate hikes. Analysts suggest that while
00:21political instability may temporarily delay hikes, persistent yen weakness keeps rate
00:26hikes on the table, possibly by December or January. The Nasdaq reached a new high
00:31in U.S. markets, while the S&P 500 and Dow dipped slightly.
00:35For all things money, visit Benzinga.com slash GSTV.