Oil Sinks, Tokyo Leads Asia Stock Surge on Growing Mideast Peace Hopes
14 Articles
14 Articles
Al-Monitor
Oil sinks, Tokyo leads Asia stock surge on growing Mideast peace hopes
Oil sank again Thursday and Tokyo's Nikkei index led another strong rally across Asia stocks, fuelled by growing optimism the Iran war is close to ending and the revival of demand for all things AI.Risk sentiment was surging on hopes Washington and Tehran will conclude the conflict and reopen the Strait of Hormuz, which has been effectively closed since the start of March, choking off a fifth of the world's crude.
Oil sinks, Tokyo leads Asia stock surge on growing Middle East peace hopes
Asian markets surged, led by Japan and South Korea, with strong gains in tech and chip stocks across multiple regional exchanges. (EPA Images pic) HONG KONG: Oil sank again Thursday and Tokyo’s Nikkei index led another strong rally across Asian stocks, fuelled by growing optimism the Iran war is close to ending and the revival of demand for all things AI. Risk sentiment was surging on hopes Washington and Tehran will conclude the conflict and re…
On May 7th, following the long weekend, the Nikkei 225 average on the Tokyo Stock Exchange surged, reaching a new all-time high. Buying orders increased due to expectations of an agreement between the United States and Iran to end hostilities. The closing price was 62,833.84 yen, up 3,320.72 yen from the previous Friday. (TOPI)
The Japanese stock market rose sharply on Thursday on hopes for a speedy end to the Iran war. The Nikkei in Tokyo rose nearly 6 percent and reached a new record high of over 63,000 points. With this, the Japanese market made up for lost ground following the strong gains on stock exchanges worldwide earlier this week. Financial markets in Tokyo were closed at the time due to a long holiday period in the country.
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