Japan’s Nikkei jumps after Trump’s comments raise bets for Middle East war de-escalation
- The Nikkei rose 3.49% to 52,843.86
TOKYO: Japan’s Nikkei share average jumped more than 3% on Wednesday, supported by hopes of de-escalation in the Middle East after US President Donald Trump said the US could end the Iran war in two to three weeks.
The Nikkei rose 3.49% to 52,843.86 as of 0018 GMT, and the broader Topix was up 3.15% to 3,608.22.
Trump said the United States could end its military attacks on Iran within two to three weeks and that Tehran did not have to make a deal as a prerequisite for the conflict winding down.
In Japan, chip and artificial intelligence-related shares led the gains, with Advantest and SoftBank Group jumping 7% and 6%, respectively. Tokyo Electron rose 3.55%.
All but two of the Tokyo Stock Exchange’s 33 industry sub-indexes rose.
The shipping sector and mining sector fell 0.95% and 1.26%, respectively.
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