Japan’s Nikkei 225 Soars to a Record on US-Iran Deal Optimism

Japanese stocks surge led by tech gains as markets reopened after a holiday break, with investors catching up with the global equities rally driven by optimism the US and Iran were nearing a deal to end their conflict.

The tech-heavy Nikkei 225 Stock Average advanced 5.6% to close at a record high of 62,833.84. The broader Topix Index rose 3% to 3,840.49, just a whisker away from its own record high. Oil steadied after losing nearly 8% in the previous session.