The Nikkei 225 Index advanced 0.7% to around 54,100 on Thursday, while the broader Topix Index gained 1.2% to 3,700, extending the previous session’s rebound amid optimism that the Middle East conflict may be approaching a resolution. Investor attention is fixed on President Trump’s address later today, with markets anticipating that the US could scale back its military operations against Iran. Trump indicated that a ceasefire could be considered “when the Strait of Hormuz is open, free, and clear,” and suggested that US forces might be withdrawn within two to three weeks.
At the same time, Iran threatened retaliatory measures against major US technology companies, warning they could be targeted if tensions with Washington intensify. Trade policy worries also resurfaced, as the Trump administration moved ahead with plans for a 25% tariff on finished goods containing imported steel and aluminum.
In equity markets, notable gainers included Toyota (+1.5%), SoftBank Group (+1.4%), Hitachi (+2%), and Mitsubishi (+2.1%).
