[MARKET ANALYSIS] Asia-Pac stocks rally with Japan leading the advances following PM Takaichi's landslide victory

APAC Stocks: Positive

• Asia-Pac stocks began the week higher following last Friday's rally on Wall St, where the DJIA topped the 50k level for the first time, while the Nikkei 225 also hit a fresh record high after PM Takaichi's landslide election victory and ruling coalition's supermajority.

ASX 200: +2.0%

• Rallied with all sectors in the green and the advances being led by broad strength in tech, real estate, miners, materials and resources.

Nikkei 225: +4.7%

• Rose to fresh record highs above the 57,000 level after the Japanese PM Takaichi's LDP won a majority, and the ruling coalition won a supermajority in the lower house election, which would allow it to override the upper house in legislation, while the decisive win paves the way for the government to proceed with further stimulus and a sales tax cut.

Hang Seng & Shanghai Comp: Hang Seng +1.5% / Shanghai Comp +1.2%

• Chinese markets conformed to the widespread upbeat mood across the region, while it was also reported on late last week that China's Cabinet meeting studied measures to promote effective investment and will boost support for private investment.

US Equity Futures: Mildly positive

• Remained afloat after rallying on Friday amid a recovery in tech and risk assets.

European Equity Futures +0.3%

• Indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed higher by 1.2% on Friday.