Nikkei Rises 1.8%, Supported by Electronics Shares
Japanese stocks are higher as increased political uncertainty diminishes expectations for the Bank of Japan's further rate increases. Electronics stocks are leading the gains. Lasertec is up 4.7% and Advantest is 4.6% higher. USD/JPY is at 153.30, up from 152.30 late Friday in New York.
Japan's ruling coalition failed to secure a majority in the lower house following the country's general election on Sunday, according to results reported by the local media. Investors are focusing on the election's policy implications and corporate earnings. The Nikkei Stock Average is up 1.8% at 38580.59.
Source: Bloomberg