The Nikkei 225 Index surged by 1.14%, closing at 38,790, while the broader Topix Index rose by 0.73% to settle at 2,781 on Tuesday. This rise in Japanese stocks marked the end of a three-day losing streak, fueled by news from the United States. President Donald Trump announced a ceasefire agreement between Iran and Israel, which provided reassurance to the markets. Investors appeared unperturbed by Iran's retaliatory strike on a U.S. military base in Qatar, particularly since it resulted in no casualties and did not involve the strategic Strait of Hormuz, thus mitigating concerns over a significant disruption in global oil supplies.
On the trade negotiations front, Japanese negotiator Ryosei Akazawa is reportedly preparing for his seventh visit to the United States, possibly as soon as June 26, with the objective of advocating for the removal of tariffs. The discussions are expected to center on U.S. duties impacting Japanese automobiles, which represent a crucial export sector for Japan.
In the stock market, technology stocks were at the forefront of the rally, with notable increases recorded by companies such as Lasertec (+13.3%), Advantest (+1.6%), Disco (+4.8%), Tokyo Electron (+3.7%), and SoftBank Group (+5.6%).
