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Tokyo Stocks (Open): Surge on Short-Covering Rally Led by Futures After Iran Ceasefire Deadline Extended

Wed Apr 8, 2026 9:03 am JST Market

Tokyo stocks opened sharply higher on April 8th, with the Nikkei Stock Average rising \957 from the previous session to \54,386, marking a substantial gain for the second consecutive session.

U.S. President Trump had set 8:00 p.m. Eastern Time on April 7th (9:00 a.m. Japan Standard Time) as the negotiation deadline, but reversed course at the last minute and announced a two-week extension. In the prior U.S. session, risk-off selling dominated in the morning ahead of Trump's ceasefire negotiation deadline, but equities subsequently proved resilient on short-covering and other buying, with the tech-heavy Nasdaq Composite closing modestly in positive territory. This set the stage for an acceleration of short-covering during Tokyo trading hours.

Source: MINKABU PRESS

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