Nikkei Stock Index surges as Japan’s ruling party picks new hardline leader, boosting investor sentiment and driving Tokyo stocks higher.

Nikkei Stock Index Soars 4.5% After Japan’s Ruling Party Picks Hardline Leader

The Nikkei Stock Index surged as investors reacted to the ruling party’s choice of a hardline leader, driving a big daily gain for Tokyo stocks. Traders welcomed the prospect of fiscal stimulus and market-friendly policy, while the yen weakened on expectations of looser monetary conditions. 

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