Tokyo, April 16 (Jiji Press)–Japan’s benchmark Nikkei 225 stock average on Thursday morning rose to return to levels only seen before the United States and Israel launched their military action against Iran in late February. As of 9:18 a.m., the index of 225 selected issues listed on the Tokyo Stock Exchange’s Prime section surged 938.52 points, or 1.61 pct, from Wednesday’s closing to stand at 59,072.76, exceeding its record closing high of 58,850.27 scored on Feb. 27, just before the start of the U.S.-Israeli attacks. The last time the key index stood above 59,000 was on Feb. 26. Buying took the upper hand from the outset of Tokyo trading on Thursday, reflecting hopes for progress in peace talks between the United States and Iran, market sources said. Overnight gains in U.S. technology stocks were also viewed as a positive catalyst, prompting investors to step up buying of high-priced semiconductor issues in Tokyo, they said. END [Copyright The Jiji Press, Ltd.]
Nikkei Recovers to Pre-Iran Tension Levels in Morning
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