Japanese Stocks Rise on Hormuz Reopening Hopes
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Japanese stocks rose on Friday, with the Nikkei 225 up 1.7% and the TOPIX gaining 1.1%, driven by hopes of a partial reopening of the Strait of Hormuz. Reports indicate Iran is working with Oman to manage tanker traffic in the strait. However, oil prices remain volatile due to escalating tensions and Trump's new tariffs on pharmaceuticals and metals. Notable stock gains included Hitachi, Tokyo Electron, SoftBank Group, Fast Retailing, and Mitsubishi.
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