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TOPSHOT - Officials look on as people vote during the general election at a polling station set up at a local school in Tokyo on October 27, 2024. Japan voted on October 27 in its tightest election in years, with new Prime Minister Shigeru Ishiba and his juggernaut Liberal Democratic Party facing potentially their worst result since 2009. (Photo by Richard A. Brooks / AFP) (Photo by RICHARD A. BROOKS/AFP via Getty Images)
Richard A. Brooks | Afp | Getty Images
Futures for Japan's benchmark Nikkei 225 were mixed Monday after the country saw the ruling Liberal Democratic Party lose its majority in Japan's lower house following elections on Sunday.
Public broadcaster NHK has projected the ruling bloc would secure 214 seats, with just one of the total 465 seats undeclared. The opposition Constitutional Democratic Party and the Democratic Party for the People have made significant gains in this election.
According to futures data, the Nikkei could go either way on its open, with the futures contract in Chicago at 37,640 and its counterpart in Osaka at 38,070, compared to the index's last close of 37,913.92.
The yen weakened 0.43% to trade at 152.95 on Monday.
Separately, futures for Hong Kong's Hang Seng index stood at 20,522, pointing to a slightly weaker open compared to the HSI's close of 20,590.15.
Australia's S&P/ASX 200 started the day marginally lower.
CNBC Pro: Analysts give this Chinese tech stock 40% upside - but one CIO warns it could be a 'one trick pony'
This Chinese tech company has garnered interest among investors following a drop in its share price - but one market watcher is unimpressed.
"I think you might have a short-term rally. But that's not really about [the stock]- it's about sort of the broad based rally," Jason Hsu, founder and chief investment officer of Rayliant Global Advisors says.
Unlike Hsu, not everyone is so negative about the stock with 35 out 46 analysts having a buy or overweight rating and an average upside of 40.1%.
CNBC Pro subscribers can read more on the stock - and Hsu's take - here.
— Amala Balakrishner
CNBC Pro: Buy this tech stock that's quietly automating warehouses with robots, say Berenberg and Citi — giving it 50% upside
Investment banks are telling investors to buy shares in a warehouse automation company, with price targets suggesting potential gains of more than 50 percent over the next 12 months.
The use of these systems means warehouses can store items four times more densely than manually operated warehouses while retrieving products faster than human workers. The increased efficiency and lower operating costs for its customers have allowed the firm to command significant profit margins, making its shares more valuable.
CNBC Pro subscribers can read more here.
— Ganesh Rao
English (US) ·