Business News

Tokyo stocks soar on stimulus hopes after election

TOKYO, (APP/AFP) – Tokyo stocks soared at the
start of trading Monday after victory in parliamentary elections by Prime Minister Shinzo Abe’s ruling party boosted hopes for possible fresh economic stimulus.
The benchmark Nikkei 225 index jumped 2.80 percent, or 422.26 points,
to 15,529.24 shortly after the opening bell. The broader Topix index of all
first-section shares climbed 2.61 percent, or 31.54 points, to 1,241.42.