Japanese stocks surged Thursday led by tech gains as markets reopened after a holiday break, with investors catching up with the global equities rally driven by optimism the U.S. and Iran were nearing a deal to end their conflict.
The tech-heavy Nikkei 225?advanced 5.6% to close at a record high of 62,833.84, ending above 62,000 for the first time ever.?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.
¡°Lower oil prices are significant for companies, as even a modest easing of inflation can provide meaningful relief,¡± said Takashi Ito, senior strategist at Nomura Securities.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.