Japan’s Nikkei rallies as G7 moves to stabilise energy markets
- The benchmark Nikkei 225 Index climbed 3.09% to 54,360.67
TOKYO: Japan’s Nikkei share gauge rallied on Tuesday, recovering some losses from a plunge in the previous session, as investors reacted to moves by major economies to tap oil reserves in order to stabilise markets shaken by the Middle East war.
The benchmark Nikkei 225 Index climbed 3.09% to 54,360.67, recouping some losses after a 5.2% plunge.
The broader Topix climbed 2.43% to 3,662.90.
Japanese Finance Minister Satsuki Katayama said G7 energy ministers are expected to meet tonight to discuss the process of releasing oil reserves.
US President Donald Trump said the war in the Middle East could be over soon, even as Iran’s hardliners staged a show of loyalty to new Supreme Leader Mojtaba Khamenei.
There were 85 advancers in the Nikkei index against 19 decliners.
The largest percentage gainers in the index were Lasertec, up 10.7%, followed by Fujikura, which surged 10%.
The largest losers were BayCurrent, down 3%, followed by SHIFT, which retreated 2.6%.
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