Tokyo stocks open higher as reports of U.S.-Iran ceasefire agreement boost risk appetite
Tokyo stocks surged at the open on June 15, with the benchmark Nikkei Stock Average gaining 763 yen to 66,783, extending its rally for a second straight session.
The advance was driven by early-morning reports on Monday, Japan time, that U.S. President Trump announced a deal to end hostilities with Iran via his social media platform. Trump also indicated plans to immediately lift the U.S. naval blockade and reopen the Strait of Hormuz without transit fees. Pakistan's Prime Minister Sharif, who mediated the talks, separately confirmed the ceasefire agreement, while Iranian state television reported that Washington had agreed to end the conflict.
Following the breakthrough, U.S. crude oil futures dropped in Asian trade. As risk appetite surged, heavy buying in futures contracts spilled over into the equity market, lifting stock indices. A number of market heavyweights, including semiconductor-related shares, opened with buy-only indications.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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