Aerial view of Mt. Fuji, Tokyo Tower and modern skyscrapers in Tokyo on a sunny day.
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Japanese stocks rose more than 5% on Thursday, combined with benchmark prices. Nikkei Stock Average Despite renewed tensions in the Middle East, Asia-Pacific markets rebounded, reaching 62,000 for the first time.
The broader regional push comes after President Donald Trump warned Iran would be bombed at a “much higher level” if it failed to reach a peace deal.
The Nikkei Stock Average rose more than 5% to close at 62,833.84, led by gains in basic materials, technology and financial stocks. Leading stocks in the index Softbank It soared more than 18%.
electronics company Ibiden was the top performer, rising more than 22%. semiconductor company SUMCO Co., Ltd. Manufacturing and metal companies surged 19.74% Mitsui Metals Increased by 19%.
TOPIX also rose 3% to close at 3,840.49. In Australia, S&P/ASX 200 It rose 0.96% to 8,878.1.
Korean Kospi rose 1.43% to 7,490.05, while the small-cap Kosdaq index fell 0.91% to 1,199.18. hong kong Hang Seng Index rose 1.57%, while mainland China’s CSI300 index rose 0.48% to 4,900.51.
Trump’s new threat comes amid reports that the United States and Iran are nearing a deal to end the war.
In a post on Truth Social, the president said that the U.S. military offensive known as Operation Epic Fury will end if Iran “agrees to give what is agreed to,” which is likely the premise.
If that were to happen, a U.S. naval blockade of Iranian ports in the Gulf of Oman would “open the Strait of Hormuz to everyone, including Iran,” Trump wrote.
West Texas Intermediate Futures June prices rose 0.92% to $95.95 per barrel as of 7:19 p.m. ET.
