Asian markets surged on Monday, February 9, 2026, driven by a powerful combination of a historic election landslide in Japan and a strong rebound in U.S. technology shares. The rally saw several regional indices hit all-time highs as investor appetite for risk returned in full force.
Regional Market Highlights
The Nikkei 225 was the clear standout of the day, acting as the primary engine for broader Asian gains.
| Index | Performance | Closing Level | Key Driver |
| Nikkei 225 (Japan) | +3.9% | 56,363.94 | Sanae Takaichi’s landslide election victory. |
| KOSPI (South Korea) | +4.15% | 5,298.04 | Recovery in semiconductor giants like Samsung and SK Hynix. |
| Hang Seng (Hong Kong) | +1.8% | 27,027.16 | Spillover optimism from Wall Street tech gains. |
| S&P/ASX 200 (Australia) | +1.9% | 8,870.10 | Strong performance in the technology and mining sectors. |
Primary Growth Drivers
The current bullish momentum is underpinned by several localized and global factors that stabilized after a volatile start to February.
The “Takaichi Effect” in Japan
Prime Minister Sanae Takaichi’s Liberal Democratic Party (LDP) secured a two-thirds supermajority in Sunday’s parliamentary election.
Policy Mandate: Markets are anticipating aggressive fiscal expansion, with “strategic spending” directed toward AI, quantum computing, and defense.
Record Highs: The Nikkei hit an intraday record of 57,337.07 before paring some gains at the close.
Wall Street’s “50,000” Milestone
Asian traders took their cue from a significant rally in New York on Friday, February 6.
The Tech Rebound: After several days of heavy selling, tech stocks roared back. Nvidia jumped 7.8% and Broadcom climbed 7.1%.
Psychological Breakout: The Dow Jones Industrial Average closed above 50,000 for the first time in history, providing a massive sentiment boost to global equity markets.
Economic Stabilization
Inflation Sentiment: U.S. consumer sentiment improved in early February, while inflation expectations in South Korea and China have continued to moderate.
Trade Clarity: Sentiment in India and the broader region was further bolstered by the signing of an interim trade framework between India and the U.S. over the weekend.
“The scale of the Takaichi mandate is seen as clearing the path for heavier fiscal support and tax reductions… This is a classic ‘risk-on’ phase for the Asian region.” — Market Strategist, Feb 9, 2026






