Japan's Nikkei rises nearly 2%, defence stocks shine as Ishiba confirmed as PM



Japan's Nikkei share average climbed nearly 2% on Tuesday, driven by gains in defense stocks following the confirmation of former defense minister Shigeru Ishiba as the country's next prime minister by parliament.

The Nikkei increased by 1.93% to close at 38,651.97, recovering from a nearly 5% drop in the previous session. Meanwhile, the broader Topix index rose 1.69% to 2,690.78.

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