Japan's Nikkei ends higher as market gauges US election outlook
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Japan's Nikkei share average rose on Tuesday, tracking gains in Wall Street, as investors assessed whether an assassination attempt on U.S. presidential candidate Donald Trump increased his chances of winning the November elections. The Nikkei closed 0.2% higher at 41,275.08, and the broader Topix finished up 0.34% at 2,904.5. Japan's markets were closed on Monday for a public holiday. U.S. stocks ended higher on Monday as bets of a second Trump presidency raised hopes of a looser regulatory environment. "If Trump were to aggressively implement measures like tax cuts, the stock market is likely to rally," Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management, said, adding that these expectations prompted buying among Japan's high tech and other shares on Tuesday. Shares of defence-related Mitsubishi Heavy Industries and Kawasaki Heavy Industries jumped 5% and 6.2%, respectively, to becom...