Japan¡¯s benchmark Nikkei 225 stock average shot up to a new all-time closing high above 69,000 on Monday, as investors cheered U.S. President Donald Trump¡¯s announcement that a deal had been reached to end the conflict between the United States and Iran.
The index of 225 major issues listed on the Tokyo Stock Exchange¡¯s top-tier Prime section surged 3,297.46 points?¡ª or 4.99%?¡ª from Friday to end at 69,317.50, finishing above 69,000 for the first time ever and posting the second-largest daily point gain on record. The broader Topix index surged 117.64 points?¡ª or 3.03%?¡ª to 3,999.60, also a record-high close.
Tokyo stocks attracted buying almost across the board from the outset of the day¡¯s trading. On the U.S.-Iran ceasefire deal, an official at a foreign-affiliated securities firm said, ¡°This time, it¡¯s likely real.¡±
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