Equity-index futures for Asia indicated gains for benchmarks in Australia, Hong Kong and Japan. US stocks jumped on Friday, with the S&P 500 closing about 2% higher amid dip buying from investors and as data showed consumer sentiment increased. The dollar edged lower with Treasuries on Friday.
(Feb 9) : The yen fluctuated Monday as Japan’s Prime Minister Sanae Takaichi secured a historic election triumph, while Asian stocks looked set to open the week higher after Wall Street’s Friday rally.
The yen was little changed following earlier weakness after the nation’s ruling Liberal Democratic Party gained a two-thirds super majority in the 465-seat lower house by itself, according to public broadcaster NHK. The result cleared the way for more fiscal stimulus under Takaichi, adding pressure to Japanese bonds while potentially lifting stocks.
