Stocks advanced in Europe and most of Asia on Monday, with Tokyo's benchmark up 2.6% after the ruling Liberal Democrats won a stronger than expected majority in an election Sunday.
Germany's DAX rose 0.6% to 15,774.76 and in Paris, the CAC 40 added 0.5% to 6,863.04. Britain's FTSE 100 gained 0.4% to 7,268.63. The futures for the Dow industrials and the S&P 500 were 0.2% higher.
"This removes a key political overhang that has been weighing on market sentiments ... and drives risk-on moves in the Japanese market," Jun Rong Yeap of IG said in a commentary. Tokyo's Nikkei 225 index surged 754 points to 29,647.08, while the Kospi in Seoul gained 0.3% to 2,978.94. In Sydney, the S&P/ASX 200 picked up 0.6% to 7,370.80. The Shanghai Composite index edged 0.1% lower, to 3,544,48.
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