Asian markets rally, Japan’s Nikkei hits new highs

February 10, 2026 (MLN): Asian markets opened on a strong footing on Tuesday, led by a powerful rally in Japan as investor optimism spilled across the region following recent political developments.

Japan’s benchmark Nikkei 225 extended its post-election surge to fresh record levels, buoyed by continued buying under the so-called “Takaichi trade” after Prime Minister Sanae Takaichi’s decisive Lower House victory, according to CNBC.

The index jumped 2.77%, moving close to the 58,000 milestone, while the broader Topix index climbed 2.07%, also notching new all-time highs.

Japanese equities were further supported by a sharp rally in SoftBank Group Corp, whose shares surged as much as 11.95% after one of its key subsidiaries raised full-year earnings guidance for the fiscal year ending March 31.

The stock had already advanced 6.3% in the previous session, adding momentum to the broader market.

Elsewhere in Asia, South Korean markets showed mixed performance.

The Kospi index edged up 0.24%, trimming earlier gains, while the tech-heavy Kosdaq slipped 1.16%, moving into negative territory.

Hong Kong’s Hang Seng index rose 0.63%, supported by selective buying, while mainland China’s CSI 300 index finished flat.

Australian stocks also posted modest gains, with the S&P/ASX 200 rising 0.16% to extend its winning streak to a third consecutive session.

Overnight cues from Wall Street remained supportive.

U.S. technology stocks lifted the S&P 500 by 0.47% for a second straight gain, while the Dow Jones Industrial Average inched to a fresh record high of 50,135.87.

The Nasdaq Composite outperformed, climbing 0.9%, reinforcing positive sentiment across global markets.

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