The Nikkei 225 jumped 1.14% to close at 38,790 while the broader Topix index rose 0.73% to 2,781 on Tuesday, with Japanese stocks ending a three-day losing streak after U.S. President Donald Trump announced that Iran and Israel had agreed to a ceasefire.
Investors largely shrugged off Iran's retaliatory attack on a U.S. military base in Qatar, which caused no casualties, and took comfort in the fact that Iran avoided targeting the critical Strait of Hormuz, easing fears of a wider disruption to global oil supplies. On the trade front, Japanese negotiator Ryosei Akazawa reportedly planned his seventh trip to the U.S. as early as June 26 to push for tariffs to be removed.
The talks are reported to focus on U.S. tariffs affecting Japanese autos, the country's main export sector. Tech stocks led the rally, with notable gains from Lasertec (+13.3%), Advantest (+1.6%), Disco (+4.8%), Tokyo Electron (+3.7%), and SoftBank Group (+5.6%).(alg)
Source: Trading Economics
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