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HomeWorld NewsJapan's election: LDP loses majority, yen weakens | Real Time Headlines

Japan’s election: LDP loses majority, yen weakens | Real Time Headlines

TOPSHOT – Officials watch people cast their votes during the general election at a polling station set up at a local school in Tokyo on October 27, 2024. The leaders, the Liberal Democrats, could face their worst result since 2009.

Richard A. Brooks | AFP | Getty Images

Futures on Japan’s benchmark Nikkei 225 index have been mixed since Japan’s Liberal Democratic Party came to power. Loss of majority in Japan’s House of Representatives after Sunday’s election.

public broadcaster NHK expects the ruling bloc to gain 214 seatsonly one of the total 465 seats has not been declared. The opposition parties, the Cadets and the People’s Democratic Party, made significant gains in this election.

According to futures data, the Nikkei may open in two directions, with the Chicago futures contract at 37,640 points and the Osaka futures contract at 38,070 points, while the index’s last closing price was 37,913.92 points.

The yen fell 0.43% to 152.95 on Monday.

In addition, Hong Kong futures Hang Seng Index The Hang Seng Index closed at 20,522 points, a slightly weaker opening than the Hang Seng Index’s closing point of 20,590.15 points.

Australian S&P/ASX 200 Index The day opened slightly lower.

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