Nikkei 225 Hits Record High With 2.43% Gain Amid U.S.-Iran Deal Hopes

AI Summary

Japan's Nikkei 225 Index rose by 2.43%, reaching a record high, driven by optimism surrounding an impending U.S.-Iran peace deal. The performance was notably led by technology and consumer cyclical stocks. The U.S. S&P 500 and Nasdaq indices also reported gains of 0.80% and 1.59%, respectively, with both closing at record levels. Additionally, oil prices saw slight increases, with West Texas Intermediate up 0.26% to $91.53 per barrel. The broader Asian markets experienced a rally, indicating positive market sentiment regarding geopolitical developments.