The Nikkei 225 jumped 1.3% to above 38,800 while the broader Topix index rose 1.2% to 2,794 on Tuesday, ending a three-day losing streak after U.S. President Donald Trump announced that Iran and Israel had agreed to a ceasefire, calling the conflict the "12-Day War."
Investors also appeared to shrug off Tehran's retaliatory attack on a U.S. military base in Qatar that caused no casualties. Also, Iran avoided targeting the critical Strait of Hormuz, easing concerns about a wider disruption to global oil supplies.
At home, investors continued to assess the Bank of Japan's monetary policy outlook as the central bank signaled its openness to further interest rate hikes. Technology stocks led the gains, with strong gains from Lasertec (9.1%), Disco (3%), Tokyo Electron (4.8%), and SoftBank Group (2.8%). (alg)
Source: Trading Economics
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