Asian stocks mostly higher as Japan’s post-election rally lifts markets

dhaka
February 10, 2026, 11:57 AM
by AP/UNB

UNB News
dhaka
Publish- February 10, 2026, 11:57 AM
AP/UNB
Update- February 10, 2026, 12:13 PM

Asian stocks mostly higher as Japan’s post-election rally lifts markets

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, Feb. 10, 2026. (AP Photo/Ahn Young-joon)

Asian stock markets mostly advanced on Tuesday, led by strong gains in Japan as investor confidence improved following a landmark election victory.

Japan’s benchmark Nikkei 225 jumped 2.6 percent to 57,821.58, setting a new record. The index extended its rally from Monday, when it surged after the ruling party’s landslide win in parliamentary elections cleared the way for Sanae Takaichi to become the country’s first female prime minister. Investors are betting that the new leadership will push ahead with economic reforms that could support growth and corporate earnings.

Elsewhere in the region, Australia’s S&P/ASX 200 rose 0.3 percent to 8,893.60, while South Korea’s Kospi gained 0.6 percent to 5,327.80. Hong Kong’s Hang Seng climbed 1.0 percent to 27,300.00, and China’s Shanghai Composite added 0.2 percent to 4,130.20.

On Wall Street, US stocks closed higher, coming off their strongest session since May, although concerns remain that equity valuations have become stretched after the recent rally. The S&P 500 rose 0.5 percent to 6,964.82, edging closer to its all-time high. The Nasdaq composite gained 0.9 percent, while the Dow Jones Industrial Average was little changed.

Investors continue to watch whether massive spending on artificial-intelligence technology by major companies will deliver sufficient returns. Still, optimism around the sector lifted chipmakers, with shares of Nvidia and Broadcom posting solid gains.

January export earnings dip slightly amid mixed global trends

In the bond market, US Treasury yields were largely steady ahead of key economic data later this week, including reports on employment and inflation. The data could shape expectations for future interest-rate moves by the US Federal Reserve.

Gold prices rose 2 percent to $5,079.40 per ounce amid continued volatility, while silver posted a sharp jump. Bitcoin hovered just below $71,000 after recent swings.

Oil prices were little changed in early Asian trading, and the US dollar edged slightly lower against the Japanese yen, while the euro also weakened modestly against the dollar.