Japan's Nikkei surged to a record 53,814.79 on Tuesday, up 3.6%, fueled by snap election bets and yen weakness boosting exporter earnings.

• Yen hit all-time lows at 185.28 vs euro, 199.12 vs Swiss franc, 158.925 vs USD amid fiscal stimulus expectations from PM Takaichi.
• JGB yields spiked with 20-year at record 3.135%, 30-year at 3.52%; Topix rose 2.4% to 3,599.31 peak as markets caught up post-holiday.
• Transport, semiconductors led gains; Toyota up 7.1%, Advantest 8.4%; 187 of 225 Nikkei stocks advanced on election optimism.