Asian Stocks Rally After Japan Election

Asian stocks rose at the open Monday as investors took cues from a Wall Street rally on Friday and Japan's election result. The Nikkei surged as much as 5.7% to a record and the Kospi jumped over 4%, while the Dow hit 50,000 on Friday; 10-year U.S. Treasury yields rose about two basis points. The outcome raises prospects for fiscal stimulus and market rotation away from tech.