💫The $Nikkei 225 Index(N225.JP)$ March futures is trading 5.3% higher to 57,245 as of 920AM this morning - a fresh record high, while the Japanese yen is also trading higher to 156.77 against the dollar
🔝Macquarie's top warrant gainers table this morning is peppered with Nikkei225 call warrants of returns ranging from +29% to +36%
✳Of them, trending call $NKY 59000MBeCW260612(V3XW.SI)$ (https://warrants.com.sg/tools/livematrix/V3XW) is up the most with a 36.6% increase to SGD 0.153
✴Meanwhile, trending Nikkei225 put $NKY 47000MBePW260612(FRDW.SI)$ (https://warrants.com.sg/tools/livematrix/FRDW) is down 15.9% to SGD 0.069
🉐The share market exuberance is driven by the landslide victory enjoyed by Prime Minister Sanae Takaichi’s Liberal Democratic Party over the weekend
🇯🇵The win is the biggest post-war victory for a single-party in a general election in Japan, and would now set a clearer political path for Takaichi’s stimulus policies
🏣The market expects Takaichi to ramp up spending and investment to support the economy, including cutting the sales tax on food, while possibly slowing down the Bank of Japan’s pace of interest rate hikes
Comments