TOKYO -- Global shares were mostly higher Tuesday as Japan’s benchmark set another record after a historic election win for the nation’s first female prime minister.France's CAC 40 edged up 0.2% in early trading to 8,342.16, while Germany's DAX lost nearly 0.2% to 24,977.44.
Britain's FTSE 100 slipped 0.5% to 10,339.55.The futures for the S&P 500 and the Dow Jones Industrial Average were up less than 0.1%.
In Asian trading, Japan's benchmark Nikkei 225 jumped 2.3% to finish at 57,650.54, a record close.It jumped 3.9% to a record Monday after the landslide victory for Sanae Takaichi’s political party in Sunday's parliamentary election.
Takaichi is expected to push through reforms intended to boost the economy and stock market.“Japan’s fiscal stance could loosen further because the LDP’s supermajority will enable the new government to implement policies with few obstacles,” Fitch Ratings said in a report following the election, referring to Takaichi's Liberal Democratic Party.“Policy choices under the new government are likely to focus on tax relief and growth-oriented investment spending, reflecting voter concerns over higher inflation and low income growth,” it said.
Hong Kong’s Hang Seng surged 0.6% to 27,183.15, while the Shanghai Composite added 0.1% to 4,128.37.Australia's S&P/ASX 200 declined less than 0.1% to 8,867.40.
South Korea's Kospi gained less than 0.1% to 5,301.69.On Monday, the S&P 500 gained 0.5% and the Dow edged up less than 0.1%.
The Nasdaq gained 0.9%.The U.S.government will offer the latest monthly update on the health of the job market on Wednesday.
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