Japan's benchmark indexes soared as much as 7% this week following the historic win of the ruling LDP party in the lower house election, paving the way for fiscal expansion plans.
China's benchmark indexes extended weekly losses as AI-driven business disruption worries spread to multiple industries, including financial services and logistics.
Ahead of the holiday-shortened week, China indexes struggled to advance in thin trading. China's inflationary pressure eased in January amid persistent demand growth weakness.
Japan's benchmark indexes advanced for the second consecutive session on Tuesday and scaled new record highs following Prime Minister Takaichi's historic win in Sunday's general election.
China and other Asian markets traded higher, tracking gains in New York in overnight trading. The initial public offerings continued to attract foreign investors in Hong Kong.
Japan's software services providers led the broader market downturn on Wednesday's trading. The yen continued to drift lower as the post-election fiscal expansion weighed on the market sentiment.
Japan's indexes dropped for the second consecutive day, and the yen extended its 4-day advance to 2% despite the U.S. dollar dropping to a four-year low against the euro and the pound.
