Tokyo, March 24 (Jiji Press)–Japan’s key Nikkei 225 stock average briefly climbed over 1,100 points Tuesday morning thanks to easing worries over tensions in the Middle East. At 9:08 a.m., the index of 225 selected issues listed on the Tokyo Stock Exchange’s Prime section was up 1,186.5 points, or 2.30 pct, at 52,701.99. Rosy investor sentiment continued into Tokyo trading from Monday’s overseas markets after U.S. President Donald Trump said that he has ordered a five-day postponement of strikes on Iranian power plants following productive talks with Tehran, leading to a drop in crude oil prices, which had been surging. An official at a midsize securities firm said that the climb may merely be a brief rebound in a downward market trend, as the Nikkei has fallen more than 3,700 points over the two trading days through Monday. END [Copyright The Jiji Press, Ltd.]
Nikkei Average Rises over 1,100 Points in Morning
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