Japan Stocks Surge at Opening After PM Ishiba’s Exit | Dawn News English
Japan’s stocks surged at opening while the yen weakened on Monday morning after Prime Minister Shigeru Ishiba’s resignation stoked speculation that his successor will raise government spending.
The Nikkei 225 index opened at 43,451.07, up 432.32 points, while the yen softened 0.7% to 148.46 versus the U.S. dollar.
The benchmark 10-year Japanese government bond (JGB) yield rose 0.5 basis point (bp) to 1.575%. The five-year yield slid 0.5 bp to 1.1%.
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