Japan's upper house election on Sunday dealt a big blow to the ruling coalition and sets markets up for possible policy paralysis and a bigger fiscal deficit, much of which is already priced in, analysts said.

Ishiba's centre-right party has governed Japan almost continuously since 1955, albeit with frequent changes of leader. The result underscores voters' frustration with Ishiba, who has struggled to inspire confidence as Japan struggles against economic headwinds,

Good morning. Shigeru Ishiba says he’ll stay put—despite a historic election setback. Some investors worry that disappointing earnings or economic data may derail the S&P 500’s red-hot rally. And Astronomer CEO Andy Byron steps down after the now-infamous Coldplay concert incident.