日经涨3.10%创新高，“高市交易”进第二幕

Core Viewpoint - The Japanese stock market is experiencing significant gains, driven by expectations surrounding Prime Minister Fumio Kishida's potential dissolution of the House of Representatives and increased government policy execution capability, particularly in defense and semiconductor sectors [2][4]. Group 1: Market Performance - On January 13, the Nikkei average rose by 1,609 points (3.10%) to close at 53,549, marking a historical high alongside the TOPIX index [2]. - The market saw widespread buying, with the Nikkei's increase at one point exceeding 1,800 points, particularly benefiting defense-related stocks [4]. - Companies like Kawasaki Heavy Industries and IHI saw significant stock price increases, with Kawasaki rising approximately 10% and IHI up 6.33%, both reaching their highest prices since their listings [4]. Group 2: Sector Performance - Semiconductor stocks joined the upward trend, with companies like Lasertec hitting new highs, and Advantest and Tokyo Electron contributing approximately 870 points to the Nikkei average [5]. - The banking sector also benefited from rising interest income expectations, with Mizuho Financial Group increasing by 6.13% and Mitsubishi UFJ Financial Group rising over 5% [5]. Group 3: Political Context and Investor Sentiment - Kishida's government enjoys a support rate exceeding 70%, which is expected to bolster the government's policy execution and provide support for the stock market [5][6]. - The anticipation of a general election under a high support rate is seen as a factor that could solidify the government's power and enhance policy implementation [6]. - However, there are concerns about the rapid increase in the Nikkei average, which has risen by approximately 3,000 points since late 2025, prompting investors to closely monitor corporate earnings changes [6].