FX.co ★ Japanese Shares Mixed as Investors Digest Election Outcome

On Tuesday, the Nikkei 225 saw a marginal decline of 0.11%, closing at 39,775, while the broader Topix Index experienced a slight uptick of 0.06%, ending at 2,836. Japanese markets appeared indecisive as investors weighed the outcomes of the recent weekend election. Although the ruling coalition lost its majority in the upper house, this result was largely expected, thereby having minimal effect on the market. In a move likely to allay fears of political instability or sudden leadership changes, Prime Minister Shigeru Ishiba is anticipated to retain his position. Ishiba has reiterated his commitment to remaining in office, emphasizing the importance of continuing tariff negotiations with the United States and handling other critical policy issues. Among the significant market performers, Fujikura increased by 4.4%, Mitsubishi Heavy Industries rose by 6.2%, and SoftBank Group gained 2.9%. Conversely, Lasertec fell by 2.7%, Tokyo Electron decreased by 1.3%, and Metaplanet saw a significant drop of 14.1%.