Japanese stocks closed up 435 points for the day as the market anticipates the election results and enters the market early

AASTOCKS
2026.02.06 07:13

Japanese stocks initially fell and then rose, influenced by the decline of U.S. tech stocks the previous night (5th). With the Japanese House of Representatives election on Sunday (8th), investors anticipated a victory for the Liberal Democratic Party of Japan, prompting a market entry that boosted Japanese stocks. The Nikkei average index opened down 382 points, fell 867 points to a low of 52,950 points, and then rebounded to close at a daily high of 54,253 points, up 435 points or 0.8%.

In the artificial intelligence and semiconductor sectors, SoftBank (9984.JP) and Tokyo Electron (8035.JP) rose by 2.2% and 2.6%, respectively, while Discus (6146.JP) and Advantest (6857.JP) increased by 1% and 1.1%. Raytech (6920.JP) rose by 4.5%, while Kioxia (285A.JP) fell by 2.2%. In the wire sector, Fujikura (5803.JP) increased by 3.4%.

The market is optimistic about an increase in defense budgets, with military stocks Kawasaki Heavy Industries (7012.JP) and IHI (7013.JP) rising by 7.1% and 6.5%, respectively, while Mitsubishi Heavy Industries (7011.JP) rose by 2.8%. Tokyo Electric Power Company (9501.JP) increased by 7.1% as the company is set to restart its nuclear power units next month.

Trading company stocks Marubeni (8002.JP) and Sumitomo Corporation (8053.JP) rose by 4.8% and 3.3%. Bank stocks Mitsubishi UFJ Financial Group (8306.JP) rose by 2.5%, while Sumitomo Mitsui Financial Group (8316.JP) and Mizuho Financial Group (8411.JP) increased by 4.6% and 3.3%.

In other stocks, Fast Retailing (9983.JP) rose by 0.3%. Automotive stocks Honda (7267.JP) and Nissan (7201.JP) rose by 3.2% and 4.9%. Toyota (7203.JP) replaced its CEO for the second time in three years, with its stock price rising by 2% alongside its peers. Battery stock Panasonic (6752.JP) rose by 2.6%. Additionally, Hitachi (6501.JP) and Sony (6758.JP) rose by 3.9% and 4.8%, while Isetan Mitsukoshi (3099.JP) rose by 7.1%, and Nintendo (7974.JP) fell by 3.9%.

The USD/JPY exchange rate is reported at 156.82

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