Asia Markets: Nikkei, other Asian markets surge after Macron’s victory

Stock markets in Asia broadly rose as trading kicked off for the week after the pro-European Union candidate Emmanuel Macron won the race to be the next president of France.

Markets also caught an updraft from a spate of robust corporate earnings and a slightly better-than-expected April jobs report in the U.S. on Friday, which lifted the S&P 500 and Nasdaq Composite to records.

Japan’s Nikkei Stock Average NIK, +2.31% rose 1.8% in early trade to its highest level since mid-December. The index was also playing catch-up with other markets in the region, having been shut since Wednesday for public holidays.

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