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International Business Times
International Business Times
Business

Tokyo Stocks Hit New Record As Asian Markets Extend Global Rally

Gold prices have hit a record high and are just short of the $4,000 mark (Credit: AFP)

Japanese stocks hit another record Tuesday, building on the previous day's surge following the election of a pro-stimulus advocate to lead the country's ruling party, while gold also pushed to a new high amid the US government shutdown and French political upheaval.

The election of Sanae Takaichi, who is expected to become Japan's prime minister this month, came as a surprise but ramped up optimism that she will embark on a campaign on monetary easing.

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