Tokyo Stock Exchange Hits Record High Above 65,000 Points

The Nikkei index in Japan surged today, crossing the 65,000-point threshold for the first time, driven by optimism surrounding a possible resolution to the Iran war and increased appetite for riskier assets.

In early trading, the Nikkei rose by 2.71% to reach 65,055.68 points. Meanwhile, the broader Topix index advanced 1.5% to 3,950.91 points. Among the Nikkei components, 139 stocks increased in value while 86 declined.

Japan's economy is highly sensitive to oil price fluctuations due to its reliance on imported energy. The recent rise in oil prices has been influenced by the nearly three-month-long conflict involving the United States, Israel, and Iran.

Earlier this week, U.S. President Donald Trump stated that Washington and Iran had completed "a great deal of negotiating" on a memorandum of understanding for a peace agreement that would reopen the strategic Strait of Hormuz for oil transportation. Trump later added that he instructed his representatives not to rush into finalizing any deal.