Tokyo stocks surge nearly 2% as US-Iran peace deal confirmed

Tokyo's stock market surged Tuesday morning, with the Nikkei index climbing almost 2% to break the 71,000-point mark for the first time. This significant rise occurred shortly after the confirmation of a peace agreement between the United States and Iran.

Within the first half-hour of trading, the Nikkei, which comprises 225 of the market's most representative stocks, had gained 1.98%, or 1,381.79 points, reaching 71,284.04. The broader Topix index, including companies in the main section with the largest market capitalization, also saw gains, adding 1.42%, or 56.95 points, to stand at 4,070.18.

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The president of the United States, Donald Trump, assured that he signed the agreement with Iran while he was in France.

Reports indicated that U.S. President Donald Trump announced the signing of the agreement with Iran while in France. Pakistani Prime Minister Shehbaz Sharif confirmed the pact's signing and immediate effect, with the reopening of the Strait of Hormuz being the initial step. Negotiations regarding Iran's nuclear program are slated for a later date.

Several companies experienced notable stock movements. SoftBank Group, a major telecommunications and investment firm with substantial investments in AI, saw its shares jump over 5%. Semiconductor firm Advantest advanced 0.23%, and Fujikura, which supplies cables for data centers and benefits from AI enthusiasm, rose more than 2.4%. Conversely, the automotive sector faced a downturn, with Toyota's stock falling 1.05%, Honda down 1.87%, and Nissan down 3.8%. Major Japanese bank MUFG saw its shares grow by nearly 2.2%, while electronics giant Sony's stock dipped 0.43%.

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The Prime Minister of Pakistan, Shehbaz Sharif, confirmed this Thursday the signing of the text by both parties and its immediate entry into force, with the reopening of the Strait of Hormuz as the first step of a pact that leaves negotiations on the Iranian nuclear program for later.