Tokyo stocks up 1.62pc after conservative win

Tokyo stocks soared 1.62 per cent at the open on Monday after Japan’s conservative opposition swept to victory in national polls, with promises from its leader to press for more central bank easing.

The benchmark Nikkei 225 index added 158.12 points to 9,895.68 at the start of trade, as the yen plunged in the wake of the business friendly Liberal Democratic Party’s landslide win over the ruling Democratic Party of Japan (DPJ).

via Business feed http://www.scmp.com/business/money/markets-investing/article/1107032/tokyo-stocks-162pc-after-conservative-win