Japan shares surge on Iran-US ceasefire and Hormuz reopening
(Il Sole 24 Ore Radiocor) - Milano, 8 apr - Japanese shares closed sharply higher, following reports of a two-week ceasefire agreement between the US and Iran.
Investors welcomed the de-escalation of tensions and the planned reopening of the Strait of Hormuz, a move seen as vital for global trade and Japan's energy stability.
The truce, described by US president Donald Trump as a "double-sided ceasefire," saw a delay in planned strikes on Iranian infrastructure, while Iranian authorities agreed to allow coordinated transit through the critical waterway during the negotiation period.
Sentiment was further supported by diplomatic efforts from prime minister Sanae Takaichi, who is seeking direct talks with both US and Iranian leaders to help secure a lasting peace and ensure the steady supply of energy to Japan.
Gains were led by tech and metal stocks, as the Nikkei 225.
closed up 5.39% at 56,308.42 points.
(RADIOCOR) 08-04-26 08:59:43 (0174) 5 NNNN