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Japanese stocks rally on ceasefire hopes and strong data

29-May-26 16:36 Hrs IST

Japanese equities surged on Friday, with the Nikkei 225 jumping 2.53% to 66,329 and the Topix rising 1.41% to 3,957, as markets resumed their rally toward record highs. Optimism grew after reports of a US-Iran agreement to extend their ceasefire by 60 days, raising hopes for renewed negotiations on Iran's nuclear program and a possible resumption of unrestricted shipments through the Strait of Hormuz. This eased energy prices and boosted sentiment for oil-importing economies like Japan.

Domestically, Japan's retail sales grew at the fastest pace in a year, while industrial production unexpectedly rose, adding to the positive momentum. Tech and electronics stocks led the gains, with Kioxia up 7.5%, SoftBank Group rising 5.1%, Murata Manufacturing advancing 12.7%, Taiyo Yuden gaining 13.9%, and Ibiden Co climbing 16.5%. For the month, the Nikkei gained 11.88% and the Topix 6.17%, driven largely by renewed enthusiasm around artificial intelligence.

74,775.74 -1,092.06 ( -1.44%)

51,069.65 379.68 (0.75%)

7,605.10 20.47 (0.27%)

66,385.32 1,692.20 (2.62%)

10,420.12 -5.84 (-0.06%)

95.93 0.16 (0.16%)

111.54 0.10 (0.09%)

128.71 -0.01 (-0.01%)

0.60 0.00 (0.17%)