FX.co ★ Japanese Shares Surge to Fresh Record Highs

The Nikkei 225 Index surged nearly 5% to climb above 69,000 on Monday, marking a new all-time high as investors welcomed a landmark agreement to end the US–Iran conflict and reopen the Strait of Hormuz. The announcement sent oil prices to a two-month low, easing inflationary pressures and lowering energy costs for major importers such as Japan. At the same time, the Bank of Japan is widely expected to raise interest rates this week in a bid to curb inflation and bolster the yen. Overall market sentiment was further buoyed by SpaceX’s strong stock market debut on Friday, which reinforced investor demand for high-profile growth names. Technology and AI-related shares led the rally, with Kioxia up 7.5%, Murata Manufacturing gaining 14.3%, SoftBank Group rising 9.4%, Advantest adding 7.1%, and Tokyo Electron advancing 7.5%.