Tokyo Stock Exchange: Nikkei closes up 4.99% at a new high following the US-Iran agreement

The Tokyo Stock Exchange surged by 5% to a record high following the agreement reached between the United States and Iran to end the war in the Middle East. The Nikkei closed at 69,317.50 points, up 4.99% on Friday’s session: in terms of points (+3,297.46), this is the Nikkei’s second-best performance since 7 May. The Topix index also surged, rising by 3.03% to 3,999.60 points. Electronics and construction stocks stood out: Murata Manufacturing (+18%, electronic components), Kioxia Holdings (+12%, semiconductors) and Taisei (+13%, construction) all saw double-digit gains.

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