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

ByRubaisha

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.  The move rippled through Asian markets and pushed global risk…