A stronger yen hitting exports, tanking oil prices and general anxiety over a global economic slowdown pulled down shares on Japan's benchmark index on Tuesday.
Tokyo's Nikkei 225 has posted the longest winning streak in its nearly 70-year history as markets cheered the weekend election victory of Japan's pro-business Prime Minister Shinzo Abe.
Japan's stock market has continued its rally as investors are optimistic about the mid-term prospects for the global economy. The Kobe Steel data scandal no longer seems to worry traders that much.
Tokyo's benchmark index has climbed significantly to close at its highest level in over two years. It rose past a psychologically important mark on a weaker yen and the prospect of a snap election in Japan.
Japanese Prime Minister Shinzo Abe's coalition has secured a comfortable win in parliamentary elections, according to exit polls. He benefits from a strong economy and a weak opposition. Martin Fritz reports from Tokyo.
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