Politics Takes the Helm: Takaichi's Ascendency and Market Ripple Effects

A surprise political turn in Japan elevates Sanae Takaichi towards becoming the nation's first female prime minister, shaking global markets. Amidst soaring Japanese stocks and a U.S. government shutdown, investors are eyeing currency devaluation concerns while alternative assets like gold and bitcoin hit new highs.

Global markets were jolted on Monday as politics resumed its dominant role, highlighted by Sanae Takaichi's unexpected weekend victory. Takaichi, poised to become Japan's first female prime minister, has stirred financial waters, with Japan's Nikkei hitting record highs and bond yields climbing.

Remain optimistic about alternative assets as gold and bitcoin reached new peaks. This movement aligns with concerns over fiat currency devaluation, exacerbated by the U.S. government's protracted shutdown and the White House's pursuit of a weaker dollar.

European stocks hold steady despite uncertainty, while trading remains minimal in most Asian markets due to regional holidays. Economic discourse is set to continue globally with key speakers from major central banks prepared to address ongoing financial concerns.

(With inputs from agencies.)