logo
Japan's $6.8 Trillion Stock Market Faces Reckoning in Elections

Japan's $6.8 Trillion Stock Market Faces Reckoning in Elections

Bloomberg4 days ago
Japanese stocks are at risk of a prolonged decline after the upper house vote this Sunday, if pre-election polls are anything to go by.
Multiple local polls are indicating that the ruling coalition may lose its majority in the election this weekend, in another setback for Prime Minister Shigeru Ishiba after his surprise loss of majority in the lower house last October. Political concerns are already weighing on the market, with local equities underperforming the MSCI World Index this month.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Japan Ruling Bloc Likely to Lose Upper House Majority, NHK Says
Japan Ruling Bloc Likely to Lose Upper House Majority, NHK Says

Bloomberg

timea minute ago

  • Bloomberg

Japan Ruling Bloc Likely to Lose Upper House Majority, NHK Says

Japan's ruling coalition is likely to lose its majority in the upper house in Sunday's election, according to an exit poll conducted by public broadcaster NHK, an outcome that will further weaken Prime Minister Shigeru Ishiba's leadership. The NHK poll showed that the ruling coalition is likely to secure about 32-51 seats, likely leaving it short of the 50 seats needed to maintain a majority in the chamber.

China's Zeekr says it did not sell or register zero-mileage used cars
China's Zeekr says it did not sell or register zero-mileage used cars

Yahoo

timean hour ago

  • Yahoo

China's Zeekr says it did not sell or register zero-mileage used cars

BEIJING (Reuters) -Chinese automotive firm Zeekr said in a statement on Sunday that used cars described in media reports as having zero mileage were exhibition cars that were insured, but it did not sell or register them. The company has set up a team to investigate and make improvements, Zeekr said, adding that it opposed the sale of zero-mileage used cars. On Saturday, Reuters and state-backed China Securities Journal newspaper had reported that Zeekr had insured cars before selling them to buyers, inflating sales.

Two Democrats enter Texas attorney general race as Paxton sets sights on U.S. Senate
Two Democrats enter Texas attorney general race as Paxton sets sights on U.S. Senate

CBS News

timean hour ago

  • CBS News

Two Democrats enter Texas attorney general race as Paxton sets sights on U.S. Senate

Texas Attorney General Ken Paxton's decision to run for the U.S. Senate has opened a rare vacancy in statewide office, triggering a crowded race to replace him — with at least five candidates, including two Democrats and three Republicans, already launching campaigns for attorney general. Last Tuesday, Dallas County Sen. Nathan Johnson kicked off his campaign. He was first elected to the state Senate in 2018. And on Thursday, former Galveston Mayor Joe Jaworski said he wants the nomination. Jaworski ran for the same office in 2022, losing the democratic nomination in a runoff. Three Republicans want to be the next attorney general, including state senators Joan Huffman of Houston and Hayes Middleton of Galveston. Aaron Reitz, a former Justice Department attorney, is also in the race for the nomination. They all want to replace Paxton, who is leaving the office to run for U.S. Senate. He is in a primary challenge against incumbent Sen. John Cornyn. The attorney general's race is a rare open seat in the state, as Paxton was elected the 51st attorney general of Texas in 2014. In May, a poll by Super PAC Senate Leadership Fund showed Cornyn trailing Paxton by 16 percentage points, 56% to 40%. The poll, conducted between April 27 and May 1, showed that in a general election, Cornyn would beat former Democratic Congressman Colin Allred of Dallas by six percentage points, while Houston-area Congressman Wesley Hunt has a one percentage point lead, and Paxton is behind Allred by one percentage point. Cornyn spoke with reporters in May about a previous internal poll showing him trailing Paxton. He said he worries that if Paxton becomes the Republican nominee, he would lose to a Democrat. "The last thing we need to do is provide an opportunity for Democrats to get a beachhead in Texas," said Cornyn. "Which, depending on how the primary turns out, could happen. That would be the end of Texas being red."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store