Global Markets | Nikkei, Topix race to record close on earnings, 'Takaichi trade' optimism

Market Performance - The Nikkei 225 Index closed up 2.3% at 57,650.54, while the broader Topix advanced 1.9% to 3,855.28, both reaching record highs [1][6] - The Nikkei has increased by 12% year-to-date, driven by expectations of fiscal stimulus and a global tech rally [2][6] Economic Outlook - Following the ruling coalition's landslide victory in the general election, there is rising optimism for proactive fiscal policy and economic boosts in the domestic stock market [2][6] - Senior economist Takayuki Miyajima noted that expectations for fiscal stimulus under Prime Minister Sanae Takaichi are supporting market sentiment [2][6] Company Highlights - Furukawa Electric shares surged 22.3% on Tuesday and have gained 49.6% over the past three sessions following solid earnings [3][6] - Mazda Motor shares experienced a 12% increase, marking the largest daily gain since last July, after reporting better-than-expected results [6] - SoftBank Group, a key player in the AI sector, rose 10.7% due to a rally in U.S. high-tech stocks and anticipation of its upcoming earnings report [6] Market Breadth - The Nikkei index saw 176 advancers compared to 46 decliners, indicating strong market breadth [6]