The Nikkei share average in Japan rose to its highest level since July 1990 on Monday, driven by optimism over a US debt ceiling deal and a weaker yen. The index surged to 31,560.43 within the first 10 minutes of trading and closed up 1.03% at 31,233.54.
SoftBank Group jumped over 8%, while chip-related companies, such as Advantest, climbed more than 4%. The Nikkei is highly influenced by big tech stocks and is expected to outperform, according to market strategists.
The yen dropped to the cusp of 141 per dollar, benefiting Japanese exporters such as Honda Motor and Subaru.
