GLOBAL MARKETS-Asia Rallies as Japan Shares Surge to Record Peak

GLOBAL MARKET - SYDNEY. Asian markets leapt higher on Monday as a resounding win for Japanese Prime Minister Sanae Takaichi whetted appetites for more reflationary policies, while there was widespread investor relief at Wall Street's last gasp rebound.

A rally in chip stocks and bargain hunting in beaten-down momentum plays including silver had helped shore up sentiment, as did wagers of more rate cuts from the U.S. Federal Reserve.