Asian Stocks Surge on News of US–Iran Ceasefire Japan’s Nikkei Rockets 4.6%
Japan’s tech heavy indices surge as geopolitical tensions ease and oil prices soften, boosting global economic outlook
Asia, Apr 08 : The Asian stock market saw a sharp rebound on Wednesday following the announcement of a ceasefire between the United States and Iran, ending a six-week conflict that had slowed global economic activity. Japan’s Nikkei 225 led the gains, climbing 4.6%, while the broader TOPIX index rose 3.2%. Investors welcomed the calmer geopolitical environment and softer oil prices, which are expected to support profit margins and strengthen global demand, particularly in Japan’s technology sector.
Market reports indicated that 212 stocks advanced on the Nikkei, with only 10 declining. Top performers included Furukawa Electric 5801.T, up 12.4%, Advantest Corp 6857.T, up 9.3%, and Resonac Holdings 4004.T, also up 9.3%. Key decliners were Inpex 1605.T, down 7.4%, Mitsui O.S.K. Lines 9104.T, down 4.1%, and Kawasaki Kisen Kaisha 9107.T, down 2.8%.
US President Donald Trump announced a two-week suspension of planned military action against Iran, following discussions with Pakistani leaders Shehbaz Sharif and Asim Munir, who urged a delay. Iran’s Foreign Minister Abbas Araghchi confirmed that Tehran accepted Pakistan’s ceasefire proposal, agreeing to halt defensive operations. Safe passage through the Strait of Hormuz will be maintained under coordination with Iran’s Armed Forces during this period.
The ceasefire has provided a significant boost to investor confidence across Asia, with markets reacting positively to reduced geopolitical risk and an improved outlook for international trade and technology exports.
