TOKYO: Japan’s Nikkei share average climbed by the most in two weeks on Thursday on renewed enthusiasm for technology stocks and easing geopolitical tensions linked to the Iran war.
The benchmark Nikkei 225 Index rose 3.14 percent to close at 61,684.14, its biggest one-day increase since May 7. The broader Topix climbed 1.64 percent to 3,853.81.
The Nikkei mirrored Wall Street gains ahead of earnings from AI bellwether Nvidia, which forecast sales above market estimates.
Oil prices dropped sharply overnight after US President Donald Trump said negotiations to end the war in Iran were in the final stages, easing supply concerns.
Investor sentiment also got a boost from an averted labour strike at Samsung Electronics, which could have disrupted South Korea’s economy and global chip supply, and from reports that OpenAI is preparing to go public. SoftBank Group, a major investor in the company and other AI ventures, surged to its daily limit.
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