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Tokyo: Stocks soar on stimulus hopes after election
[TOKYO] Tokyo stocks soared at the start of trading Monday after victory in parliamentary elections by Prime Minister Shinzo Abe's ruling party boosted hopes for possible fresh economic stimulus.
The benchmark Nikkei 225 index jumped 2.80 per cent, or 422.26 points, to 15,529.24 shortly after the opening bell. The broader Topix index of all first-section shares climbed 2.61 per cent, or 31.54 points, to 1,241.42.